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Supply & Demand Refresher

Authored by RAUL CASTILLO

Other

12th Grade

Used 3+ times

Supply & Demand Refresher
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An increase in population increases the demand for food. Which depicts the new demand for food (A or B)?

A

B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The price of hot dogs increases. Which graph shows the new demand for hot dog buns (A or B)?

A

B

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which graph shows the new demand for normal goods when salaries increase (A or B)?

A

B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Demand for a certain shoe increases after a celebrity is seen wearing them. Which graph shows the new demand curve for these shoes (A or B)?

A

B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The price of air travel is expected to decrease in the future. Which graph shows the new demand for airplane tickets in the present (A or B)?

A

B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When demand decreases, the demand curve

Shifts to the right

Shifts to the left

Does not change

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in demand means that quantity demanded is higher and prices will decrease.

True

False

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