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Supply or Demand Flashcards | StudBud
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Supply or Demand
Supply or Demand
14 terms
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StudBud Administration
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276 plays
Determinant Practice
Flashcards
14 cards
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Practice quiz
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Host live
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Questions
14
Answers
1
Consumers have found that the Galaxy battery explodes. What happens to Apple phones?
Price
Demand
Supply
2
Apple plans to release the new iPhone X. What happens to the iPhone 8 at Verizon?
Supply
Price
Demand
3
Consumers have found that the Galaxy battery explodes. What happens to Apple phones?
Income
Substitute
Market Size
Taste & Preference
4
The price of calculators increases by 10%. What happens to calculators?
Price
Demand
Supply
5
Apple plans to release the new iPhone X. What happens to the iPhone 8 at Verizon?
Resource Price
Other Related Goods
Subsidy
Technology
6
The price of calculators increases by 10%. What happens to calculators?
Shortage
Price Ceiling
Surplus
Price Floor
7
The government creates a minimum price for corn. What happens to corn?
Shortage
Surplus
Price Ceiling
Price Floor
8
The government creates a minimum price for corn. What happens to corn?
Demand
Price
Supply
9
Ice cream is recalled, since consumers know it makes you sick. What happens to ice cream cones?
Supply
Price
Demand
10
The price of BluRay players decreases from $150 to $100. What happens to BluRay players?
Supply
Price
Demand
11
Cold weather kills this years peanut crop. What happens to peanut oil?
Price
Supply
Demand
12
The price of BluRay players decreases from $150 to $100. What happens to BluRay players?
Shortage
Price Floor
Price Ceiling
Surplus
13
Ice cream is recalled, since consumers know it makes you sick. What happens to ice cream cones?
Compliment
Substitute
Taste & Preference
Income
14
Cold weather kills this years peanut crop. What happens to peanut oil?
Technology
Other Related Goods
Number of Sellers
Resource Price
