Supply/Demand Check In
Authored by Philip Morris
Social Studies
11th Grade
Used 2+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to this graph, what is happening to the quantity supplied for Doritos?
It is increasing
It is decreasing
It is staying the same
Not enough information to determine
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the PRICE of a good increases, what happens to the quantity demanded?
Quantity demanded will decrease
Quantity demanded will increase
Quantity demanded will shift to the left
Quantity demanded will shift to the right
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a hurricane is expected to in two days, what will happen to the demand for water bottles?
Demand will shift to the right
Demand will shift to the left
Demand will stay the same and prices will decrease
Demand will stay the same and prices will increase
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the PRICE of a good decreases, what happens to the quantity supplied?
Quantity supplied will decrease
Quantity supplied will increase
Quantity supplied will shift to the left
Quantity supplied will shift to the right
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the law of supply?
As the price of a good increases, the quantity supplied decreases.
As the price of a good decreases, the quantity supplied increases.
As the price of a good increases, the quantity supplied increases.
There is no relationship between the price of a good and the quantity supplied.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes a movement along the demand curve?
Changes in consumer income
Changes in the price of the good itself
Changes in the prices of related goods
Changes in consumer tastes and preferences
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to this graph, what is happening to the quantity demanded for Doritos?
It is increasing
It is decreasing
It is staying the same
Not enough information to determine
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