A Shortage is when
UNIT Three Review
12th Grade
•26 Qs
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UNIT Three Review
Quiz
•
Business
•
12th Grade
•
Medium
Taylor Jackson
Used 6+ times
FREE Resource
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply > Demand
Quantity Demanded > Quantity Supplied
Quantity Supplied > Quantity Demanded
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Monopolies are _______ in the United States
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a Supply and Demand Graph the Demand Line always goes
upward
downward
sideways
diagonal
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a Supply and Demand Graph the Supply line always goes
upwards
sideways
downwards
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Quantity Demanded is 30 and Quantity Supplied is 50 I have a
equilibrium
surplus
shortage
excess
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Quantity Demanded is 100 and Quantity Supplied is 75 I have a
surplus
shortage
equilibrium
excess
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has the largest GDP in the world
China
India
Germany
United States
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