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Econ Unit 2 Review Flashcards | StudBud
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Econ Unit 2 Review
Econ Unit 2 Review
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Questions
14
Answers
1
What does the Pmin line represent?
Price Floor
Price Ceiling
Demand Curve Change
Equilibrium
2
There is a _______ of a good or service when the quantity supplied exceeds the quantity demanded.
Input
Surplus
Decrease
Shortage
3
This graph would indicate elastic or inelastic demand?
Inelastic
Infinity
Elastic
= 1
4
What do we call this?
Supply Increase
Supply Decrease
Demand Increase
Demand Decrease
5
What type of curve is this?
Price
Quantity
Demand
Supply
6
Coach Hazel made $50 on this. What is this?
NFT
Block chain
Etherium
Bitcoin
7
What do we call the point where supply meets demand?
Buy the stock!!!!!!
Demand increase
Equilibrium
Price event
8
What type of curve is this?
Quantity
Equilibrium
Demand
Supply
9
What stock is this?
MARA
NIO
CYDY
CCIV
10
Blockchain is a type of _________?
Cryptocurrency
Savings
EV Stock
Bond
11
This would indicate what type of demand?
Elastic
Infinity
= 1
Inelastic
12
What is this red triangle?
Direct Width Logistics
Direct Wage Loss
Dead Wage Log
Dead Weight Loss
13
What do we call this?
Demand curve increase
Change in equilibrium
Supply curve increase
Price change
14
There is a _______ of a good or service when the quantity demanded exceeds the quantity supplied.
Surplus
Equilibrium
Demand
Shortage
