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Econ 3 Flashcards | StudBud
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Econ 3
Econ 3
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Supply and Demand
Flashcards
9 cards
F
Practice quiz
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Host live
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Questions
9
Answers
1
Demand is determined by who?
Sellers
Buyers
Government
2
Substitues are a determinate of...
Neither
Supply
Demand
3
The left side of a supply and demand graph is always labeled as?
Time
Quanity
Currency
4
Thinking of a supply and demand graph equlibrium will show the..
Need
Time to make the product
Price
5
Any price below market Clearing Price is a ...
Surplus
Wash
Shortage
6
If supply goes down it is a shift to the...
Down
Up
Right
Left
7
Wages or Prices that are slow to move in response to the market are referred to as...
moist
market paced
slow
sticky
8
The total demand from all buyers is called...
Adam's Demand
Total temand
Market Demand
9
Who is a classical economist?
John keynes
Sam Long
Adam Smith
