
Quiz Ch 6: Prices

Quiz
•
Mathematics
•
12th Grade
•
Easy
+9
Standards-aligned
Olivia Patrick
Used 2+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the monetary value of a product?
Economic model
Equilibrium price
Equilibrium quantity
Price
Tags
CCSS.HSA.CED.A.2
CCSS.HSA.SSE.A.1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the system of allocating goods and services without prices?
Economic model
Rationing
Equilibrium quantity
Price ceiling
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a simplified version of a complex concept or behavior expressed in the form of an equation, graph, figure, or diagram?
Economic model
Price floor
Surplus
Target price
Tags
CCSS.HSA.CED.A.2
CCSS.HSA.REI.D.10
CCSS.HSA.REI.D.11
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the situation where quantity supplied is less than quantity demanded at a given price?
Shortage
Surplus
Price floor
Target price
Tags
CCSS.HSA.CED.A.2
CCSS.HSA.CED.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the highest legal price that can be charged for a product?
Price floor
Price ceiling
Equilibrium price
Target price
Tags
CCSS.HSA.CED.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do low prices signal buyers to do?
Nothing
Buy more
Buy less
Substitute
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a competitive market economy, prices are considered _______.
Dictated
Uncompromising
Favorable
Neutral
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