Basic Econ (Markets - Elasticity)
Authored by Mary Joy
Social Studies
University
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8 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Place where the buyers and sellers meet.
Store
Market
Grocery
Market Equilibrium
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Buyers/Demanders and Sellers/Suppliers are known as the two ______ in the market.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Shows various amount of goods and services that consumers are willing and able to buy at a specific period of time given a series of price.
Quantity Demanded
Demand
Supply
Quantity Supplied
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Demand and Supply can be represented into _____.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Specific Demand at a Specific Price
Demand
Demanded
Quantity Demanded
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Demand is a ________ sloping curve.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Supply is an ______ sloping curve.
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