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Supply and Demand Practice Flashcards | StudBud
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Supply and Demand Practice
Supply and Demand Practice
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StudBud Administration
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363 plays
Practice questions for supply and demand using outside factors.
Flashcards
16 cards
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Practice quiz
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Host live
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Questions
16
Answers
1
An advertising campaign promoting denim jeans to Senior citizens is very successful
Demand Up Price Up
Demand Down Price Down
Supply Down Price Up
Supply Up Price Down
2
A report is released that Peanut Butter causes High Blood pressure and Heart attacks
Supply Down Price up
Supply up Price Down
Demand Up Price Up
Demand Down Price Down
3
A new machine is invented to produce plastic 2-liter bottles easier and faster
Demand Down Price Down
Demand Up Price Up
Supply up Price Down
Supply Down Price Up
4
The number of people eating at fast food restaurants doubles
Supply Down Price Up
Demand Down Price Down
Supply up Price Down
Demand Up Price Up
5
The peanut pickers' union signs a wage settlement agreement for a 10% per year wage increase
Supply Down Price Up
Demand Down Price Down
Demand Up Price Up
Supply up Price down
6
The Coca-Cola company goes out of business
Demand Up Price Up
Supply Up Price Down
Demand Down Price Down
Supply Down Price Up
7
A hurricane wipes out the company that is the country’s largest producer of aluminum cans.
Supply Up Price Down
Demand Down Price Down
Supply Down Price Up
Demand Up Price Up
8
The price of Hawaiian Punch goes up
Demand Down Price Up
Supply up Price Down
Demand up Price Up
Supply Down Price Up
9
The Levi Strauss Company opens an additional plant in China
Demand Up Price Up
Supply up Price Down
Demand Down Price Down
Supply Down Price Up
10
There is a cancer scare about the artificial coloring that is found in most cola drinks
Supply Down Price Up
Demand Down Price Down
Demand Up Price Up
Supply Up Price Down
11
There is a recession, and the average income of all families in the U.S. falls
Supply up Price Down
Demand Up Price Up
Demand Down Price Down
Supply Down Price up
12
The Price of Jelly Goes up
Supply Down Price Up
Demand Up Price up
Demand Down Price Down
Supply Up Price down
13
A new type of cotton seed is developed that increases the number of cotton bolls per plant
Demand Up Price Up
Supply Down Price Up
Supply Up Price Down
Demand Down Price Down
14
The minimum wage law is abolished for students under age 19
Supply Down Price Up
Demand Down Price Down
Supply Up Price Down
Demand Up Price Up
15
the number of school-age children bringing a lunch box to school doubles
Supply Down Price Up
Supply up Price Down
Demand Down Price Down
Demand Up Price Up
16
It suddenly becomes a fad among teenagers to eat peanut butter on everything
Demand Up Price Up
Supply Up Price Down
Demand Down Price Down
Supply Down Price Up