In a market, price is determine by the interaction of:
Supply and Demand Review

Quiz
•
Social Studies
•
11th Grade
•
Medium
Mr. Tremlin
Used 40+ times
FREE Resource
32 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
inputs and outputs
supply and demand
push and pull factors
demand and means on distribution
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Goods that are viewed as interchangeable with one another are considered
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the demand curve shifts to the left, this suggests demand has
increased
decreased
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the demand curve has shifted to the right, this suggests demand has
increased
decreased
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According the Law of Supply, if price increases the amount suppliers are willing to supply will
increase
decrease
stay the same
7.
MULTIPLE CHOICE QUESTION
0 sec • 1 pt
According to the Law of Demand, if price increases then the quantity demanded will...
increase
decrease
stay the same
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