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Basic Econ (Markets - Elasticity)

Authored by Mary Joy

Social Studies

University

Used 1+ times

Basic Econ (Markets - Elasticity)
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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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