Supply & Demand concepts review
Authored by Jessica Collins
Business
10th Grade
Used 2+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which graph is being shown?
SUPPLY
DEMAND
EQUILIBRIUM
SCARCITY
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
DEMAND GRAPH:
WHEN PRICE IS HIGH CONSUMERS WILL DEMAND _.
WHEN THE PRICE IS LOW CONSUMERS WILL DEMAND _.
MORE
/
LESS
LESS
/
MORE
EQUILIBRIUM
/
MORE
MORE
/
EQUILIBRIUM
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Supply Graph:
WHEN PRICE IS HIGH PRODUCERS WILL SUPPLY _.
WHEN THE PRICE IS LOW PRODUCERS WILL SUPPLY _.
LESS
/
MORE
MORE
/
LESS
SAME AMOUNT
/
LESS
LESS
/
EQUILIBRIUM
4.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
How much of the goods or services consumers are willing and able to buy is called _
5.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
The amount of a good or service that producers are willing to provide is called _
6.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
_ is an amount left over when requirements have been met
7.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
_is when something is needed but there’s not enough
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