Econ Unit 2A Quiz

Econ Unit 2A Quiz

12th Grade

10 Qs

quiz-placeholder

Similar activities

Review for Cold War Quiz #2

Review for Cold War Quiz #2

9th - 12th Grade

12 Qs

Year 12 Economics AOS 2 unit 4 supply side policies [1]

Year 12 Economics AOS 2 unit 4 supply side policies [1]

12th Grade

15 Qs

Economics and Political Science. U4

Economics and Political Science. U4

12th Grade

10 Qs

The Stock Market

The Stock Market

12th Grade

10 Qs

USH Unit 5 Review (finals prep, 23)

USH Unit 5 Review (finals prep, 23)

12th Grade

12 Qs

Conformity to social roles as investigated by Zimbardo

Conformity to social roles as investigated by Zimbardo

11th - 12th Grade

13 Qs

Trends, Networks and Critical Thinking in the 21st Century

Trends, Networks and Critical Thinking in the 21st Century

12th Grade

10 Qs

Econ Unit 2A Quiz

Econ Unit 2A Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Marc Keirns

Used 5+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the law of Supply...

When demand goes up supply goes down

Price and Quantity Supplied move in the

same direction.

As price goes up Quantity supplied increases.

When supply goes up demand goes down.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following would cause the following graph?

A successful advertising campaign

A new law limiting age groups who can

buy the product.

A federal increase in min wage

A decrease in the price of the good.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This graph best represents which economic concept?

Decrease in supply

Decrease in Quantity Supplied

Decrease in Quantity Demanded

Decrease in Demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is one possible reason why there was movement from point A

to B on the graph?

There was an increase in the price of the

good or service

There was an decrease in the price of the

good.

There was an decrease in the price of the

good.

A change in income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Line B represents...

elastic supply

elastic demand

inelastic supply

inelastic demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. The only two ways to get a higher market equilibrium price is with an _______________.

Increase in demand or decrease in supply

Decrease in demand or decrease in supply

Increase in supply or decrease in demand

Increase in supply or increase in demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If there is an increase in supply of a product, the market equilibrium price for that product

would...

decrease

Not be impacted

increase

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?