Econ Semester Review
Authored by Desire Grismore
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38 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
The point where supply and demand curves meet.
Equilibrium
Disequilibrium
Regulation
Deregulation
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Any price or quantity that does not meet equilibrium. Where supply and demand do not meet.
Equilibrium
Disequilibrium
Regulation
Deregulation
3.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
A minimum price as which a product can be sold is a....
Price ceiling
Price floor
Surplus
Shortage
4.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
A maximum price at which a product can be sold is a...
Price ceiling
Price floor
Surplus
Shortage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand that reacts to change in price
Disequilibrium
Regulation
Elastic
Inelastic
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A business owned by two or more people.
Monopoly
Partnership
Corporation
Price Control
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Factors other than price determine a demand curve shift
Shortages
Price Control
Determinants
Regulation
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