Supply and Demand

Front

Which of the following situations would create a surplus of Playstation 4?
The equilibrium price of the Playstation 4 is $300 and Walmart sets the price at $300
The equilibrium price of the Playstation 4 is $300 and Walmart sets the price at $400
The equilibrium price of the Playstation 4 is $300 and Walmart sets the price at $200
The equilibrium price of the Playstation 4 is $300 and Walmart is unwilling to sell them.

Back

The equilibrium price of the Playstation 4 is $300 and Walmart sets the price at $400

Front

Who is part of the demand in Willy Wonka's candy bar sales?

Back

300 Kids

Front

What will happen to the price of watermelons if farmers in California have produced the largest crop in years?

Back

The price will go down.

Front

What might happen if the demand for a new type of XBOX began rising quickly?

Back

Microsoft would raise the price of the new XBOXs

Front

If the supply decrease, the outputs and productive services will:

Back

decrease

Front

The amount of goods or services available is called?

Back

supply

Front

When the amount supplied is greater than the amount demanded the price will

Back

go down

Front

Items that can be bought, sold, and traded, such as food and computers

Back

goods

Front

The productive resources used to make the goods and services are called

Back

inputs

Front

What will happen to the price of pumpkins on the day after Halloween?

Back

The price will go down.