
Supply and Demand
Authored by Sarah Williams
English
University
CCSS covered

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a surplus?
A situation in which the quantity of a good or service demanded by consumers exceeds the quantity supplied by producers
A situation in which the quantity of a good or service supplied by producers exceeds the quantity demanded by consumers
A situation in which the quantity of a good or service demanded by consumers equals the quantity supplied by producers
A situation in which the quantity of a good or service demanded by consumers is equal to zero
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is elasticity of demand?
A measure of how much the quantity demanded of a good or service responds to a change in price
A measure of how much the quantity supplied of a good or service responds to a change in price
A measure of how much the quantity demanded of a good or service responds to a change in income
A measure of how much the quantity supplied of a good or service responds to a change in income
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is elasticity of supply?
A measure of how much the quantity demanded of a good or service responds to a change in price
A measure of how much the quantity supplied of a good or service responds to a change in price
A measure of how much the quantity demanded of a good or service responds to a change in income
A measure of how much the quantity supplied of a good or service responds to a change in income
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a price ceiling?
A legal maximum price that can be charged for a good or service
A legal minimum price that must be paid for a good or service
A situation in which the quantity of a good or service demanded by consumers exceeds the quantity supplied by producers
A situation in which the quantity of a good or service supplied by producers exceeds the quantity demanded by consumers
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a price floor?
A legal maximum price that can be charged for a good or service
A legal minimum price that must be paid for a good or service
A situation in which the quantity of a good or service demanded by consumers exceeds the quantity supplied by producers
A situation in which the quantity of a good or service supplied by producers exceeds the quantity demanded by consumers
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the quantity of a good that consumers are willing and able to buy at a given price?
Quantity demanded
Quantity supplied
Price
Equilibrium price
Tags
CCSS.HSF.LE.B.5
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the quantity of a good that producers are willing and able to sell at a given price?
Quantity demanded
Quantity supplied
Price
Equilibrium price
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
TOEFL Structure: Review
Quiz
•
11th Grade - Professi...
10 questions
Đuổi Emoji bắt chữ - Guess Emoji
Quiz
•
University
11 questions
COMPARATIVES
Quiz
•
University
20 questions
Simple presente tense. Culinary verbs
Quiz
•
University
12 questions
Around the shop
Quiz
•
10th Grade - Professi...
15 questions
Tag Questions
Quiz
•
7th Grade - Professio...
10 questions
Topic: Lazy and hard
Quiz
•
University
15 questions
Subject/Verb Agreement
Quiz
•
University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade