Supply and Demand
Authored by Bill Hughes
Social Studies
9th - 12th Grade
Used 135+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
This part of the market determines DEMAND
buyers
sellers
suppliers
store owners
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
This part of the market determines SUPPLY
buyers
sellers
consumers
us
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
For the law of demand, as price rises, what happens to quantity demanded?
it goes up
it goes down
it stays the same
it is not effected
4.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
For the law of supply, as price rises, what happens to quantity supplied?
it goes up
it goes down
it stays the same
it is not effected
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
When quantity supplied and quantity demanded is equal
surplus
shortage
equilibrium
law of demand
6.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
If a price is above equilibrium price, it creates a...
shortage
surplus
market price
demand
7.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
If a price is below the equilibrium price it creates a...
shortage
surplus
market price
supply
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