how buyers and sellers respond changing prices

Unit 4 Test - Price System Economics Test

Quiz
•
Fun
•
9th - 12th Grade
•
Medium
Tea Beerley
Used 2+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
supply
emotions
elasticity
demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the desire to buy something
profit
demand
supply
elasticity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a product that brings you lots of use
utility
product increase
demand
productive
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the ability to bring a product to the market
supply
demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
chart that shows the demand compared to different prices
price schedule
demand chart
price chart
demand schedule
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a chart that shows the correlation between price and quantity supplied
supply chart
demand chart
supply schedule
demand schedule
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
when the demand and supply curves meet in the middle, that is called the
equilibrium
middle point
cross section
checkpoint
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