What happens if there is an increase in market demand for a good?
Market Equilibrium V1

Quiz
•
Business
•
1st - 3rd Grade
•
Hard
Kevin South
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
price goes up quantity goes down
price and quantity both increase
price goes down quantity goes up
price and quantity both decreases
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if there is a decrease in supply for a product
price goes up quantity goes down
price and quantity both increase
price and quantity both decrease
price goes down quantity goes up
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if there is a shortage for a good?
price goes up QS and QD increases
price goes down QD increases and QS decreases
price goes up QD decreases and QS increases
price goes up demand decreases and supply increases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what happens if there is a surplus in a market?
price goes up QD and QS decrease
price goes up demand and supply increases
price goes down demand increases and supply decreases
price goes down QS decreases and QD increases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market Demand equals the:
total amount sold in the market
total demand in a market
addition of all the individual demand curves at each price
all of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market Supply is obtained by
totaling the individual supply at each price
adding the total amount produced
adding the total sold at each price
all of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will reduce the price and quantity in a market?
decrease in price of a complement
decrease in direct(income) tax
increase in the cost of production
decrease in price of a substitute
Create a free account and access millions of resources
Similar Resources on Quizizz
10 questions
CHAPTER 3 - MARKET EQUILIBRIUM

Quiz
•
1st Grade
12 questions
Chapter 29 demand and supply

Quiz
•
3rd Grade
15 questions
SUPPLY CHAIN MANAGEMENT (FINAL QUIZ)

Quiz
•
1st - 12th Grade
10 questions
Law of Demand and Elasticity

Quiz
•
1st Grade
10 questions
Measures of Leverage

Quiz
•
3rd Grade
10 questions
mcq demand

Quiz
•
1st - 5th Grade
10 questions
Government Intervention

Quiz
•
KG - Professional Dev...
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Business
20 questions
Addition and Subtraction

Quiz
•
2nd Grade
7 questions
Albert Einstein

Quiz
•
3rd Grade
14 questions
The Magic School Bus: Kicks Up a Storm

Quiz
•
3rd Grade
19 questions
Antonyms and Synonyms

Quiz
•
2nd Grade
20 questions
Long and Short Vowels

Quiz
•
1st - 2nd Grade
15 questions
Addition and Subtraction Word Problems

Quiz
•
2nd Grade
20 questions
Kids Movie Trivia

Quiz
•
3rd Grade