U1 - Supply and Demand Practice
Authored by Frances Mendoza
History
8th Grade
Used 3+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are the owner of a shoe company and you just received your first athlete sponsorship from Lebron James. What will happen to the production of shoes?
Increase
Decrease
Stay the same
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are the owner of a shoe company and you just received your first athlete sponsorship from Lebron James. What will happen to the price of shoes?
Increase
Decrease
Stay the same
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are a videogame shop owner and the next generation systems were just released. You have over 200 older generation systems still in stock. What will happen to the production/ordering of older systems?
Increase
Decrease
Stay the same
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are a videogame shop owner and the next generation systems were just released. You have over 200 older generation systems still in stock. What will happen to the price of older systems?
Increase
Decrease
Stay the same
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are a farmer with ample corn. Other farmers have struggled to produce their corn crop this year. What will happen to the production of corn?
Increase
Decrease
Stay the same
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are a farmer with ample corn. Other farmers have struggled to produce their corn crop this year. What will happen to the price of your corn
Increase
Decrease
Stay the same
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The movie theater just raised the price of movie tickets $5. What will happen to the demand of the tickets?
The movie theater just raised the price of movie tickets $5. What will happen to the demand of the tickets?
Increase
Decrease
Stay the same
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