Supply and Demand

Supply and Demand

9th - 12th Grade

25 Qs

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Adrian Anguiano

Used 11+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?

Media Image
Media Image
Media Image
Media Image

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines SUPPLY
buyers
sellers
consumers
us

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

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The Law of Supply states:
as price increases, supply increases
as prices decrease, supply increases

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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Which of the following would not shift the supply curve for iphones?
an increase in the price of iphones
a decrease in the number of sellers of iphone
an increase in the price of plastic, an input into the production of iphones
an improvement in the technology used to produce iphones

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Graph shows which of the following?

(actually use this graph to answer the question)

a decrease in demand (shift) and a decrease in quantity supplied

a decrease in demand (shift) and a decrease in supply

a decrease in quantity demanded and a decrease in quantity supplied

a decrease in quantity demanded and a decrease in supply (shift)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Assume the image is showing the market for apples. Which of the headlines could indicate the pictured shift is occurring in the market?

Pesticides on apples linked to mouth cancer.

Storms destroy apple orchards.

An apple a day really does keep the doctor away.

New genetic strain leads to apple trees that produce twice as many apples.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is NOT a determinant of the supply of peanut butter?

The price of peanuts

The wages of peanut butter factory workers

The income of peanut butter consumers

Existing peanut butter making technology

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