Supply and Demand

Supply and Demand

12th Grade

37 Qs

quiz-placeholder

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

12th Grade

Medium

CCSS
RL.6.2, RL.6.1, RI.6.2

+2

Standards-aligned

Created by

Adam Hopson

Used 132+ times

FREE Resource

37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 12 pts

Media Image
What does this curve represent?
demand
supply
equilibrium
shortage

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image
What does this curve represent?
supply
equilibrium
demand
surplus

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the price of printers goes down, what happens in the market for ink cartridges?
Supply increases.
Supply decreases.
Demand increases.
Demand decreases

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image
Assume the image is showing the market for apples.  Which of the headlines could indicate the pictured shift is occurring in the market?
Pesticides on apples linked to mouth cancer.
Storms destroy apple orchards.
An apple a day really does keep the doctor away.
New genetic strain leads to apple trees that produce twice as many apples.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following is a factor that will not cause the demand curve to shift:
Advertising
Population
Price
Consumer expectations

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a market economy, who decides on the prices of goods and services?
government
buyers and sellers
firms
local leaders

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Generally speaking, the lower the price, the greater the quantity demand.
True
False

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