Study guide

Study guide

7th Grade

15 Qs

quiz-placeholder

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Study guide

Study guide

Assessment

Quiz

Business

7th Grade

Easy

Created by

Ozherelev Ivan

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When demand increases what happens to the price and quantity

both increase

both decrease

price increases

quantity increases

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

When supply increases what happens to the price and quantity

price increases

price decreases

quantity increases

quantity decreases

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Price and quantity have an ___ relationship, when price rises , quantity demanded Falls

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Price and Quantity Supplied have a ___ relationship, when price rises QS rises

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A price floor will always create inefficiency and

Surplus

shortage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A price ceiling will always create inefficiency and

surplus

shortage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

surplus is

when you cant sell enough

you cant make enough

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