Supply and Demand Review
Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Marissa Forget
Used 24+ times
FREE Resource
Enhance your content
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law and demand says
the higher the price, the more consumers will buy
the lower the price, the less consumers will buy
the lower the price, the more consumers will buy
the lower the price, the more consumers will substitute
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a drop in price will
increase the demand for goods
decrease the demand for goods
not affect the demand for goods
not affect the law of demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes the substitution effect?
as the price of a good falls, people will substitute other products
as the price of a good rises, people will substitute other products
as demand rises, people will substitute other products.
as demand falls, people will substitute other products.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a demand curve illustrates
the differences in price charged by different stores
the quantities demanded at each price by consumers
the differences in demand for different products
the products which are most in demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Substitutes are
goods that are bought and used together
goods used in place of one another
goods that cannot be replaced
goods which cause a shift in the demand curve.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the law of supply
the lower the price the larger the quantity consumed
the higher the price the larger the quantity produced
if the price of a good rises some firms will produce less
if the price of a good falls new firms may enter the market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market supply curve shows
the quantity supplied by producers at different prices
supply for any set of conditions
how prices affect the cost of raw materials
how the supply of goods is kept in balance
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
10 questions
Income and Wealth
Quiz
•
10th - 11th Grade
15 questions
Piaget's Theory
Quiz
•
12th Grade
18 questions
Year 9 - The Teachings of Jesus
Quiz
•
12th Grade
10 questions
Hybrid Reliability
Quiz
•
12th Grade
20 questions
Year 11 Key Words Quiz
Quiz
•
11th Grade
20 questions
IPS VIII SERU BANGET
Quiz
•
12th Grade
20 questions
Economic system -1
Quiz
•
12th Grade
19 questions
Korean culture
Quiz
•
6th - 12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Social Studies
38 questions
Q1 Summative Review
Quiz
•
11th Grade
1 questions
PLT Question for 09/21/25
Quiz
•
9th - 12th Grade
1 questions
PLT CFA 9/30/2025
Quiz
•
9th - 12th Grade
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
10 questions
Unit 6 - Great Depression & New Deal
Quiz
•
11th Grade
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
22 questions
25-26 Standard 3
Quiz
•
11th Grade
1 questions
PLT CFA 10/2/25
Quiz
•
9th - 12th Grade