
Study guide

Quiz
•
Business
•
7th Grade
•
Easy
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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