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Supply and Demand Graphs Flashcards | StudBud
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Supply and Demand Graphs
Supply and Demand Graphs
15 terms
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StudBud Administration
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460 plays
Graphs for supply and demand
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
This graph represents...
Increase in supply
Decrease in supply
Decrease in demand
Increase in demand
2
This graph represents...
Increase in supply
Decrease in supply
Increase in demand
Decrease in demand
3
This picture represents
Inelastic supply
Inelastic demand
Elastic supply
Elastic demand
4
The elasticity of this product is said to be:
1
<1
Infinity
0
5
The elasticity of this graph is...
>1
0
<1
1
6
The elasticity of this graph is...
>1
1
0
<1
7
What kind of graph is this?
Supply
Market Equilibrium
Elastic Demand
Demand
8
This product is...
Perfectly inelastic
Relatively elastic
Relatively inelastic
Perfectly elastic
9
This picture represents which kind of product
Inelastic
Elastic
10
The product in this graph is...
Perfectly Inelastic
Relatively Elastic
Relatively Inelastic
Perfectly Elastic
11
If the product is "unit elastic" the elasticity is...
0
>1
<1
1
12
This graph represents..
Market Equilibrium
My interest in this course
Demand
Supply
13
This product is...
Perfectly inelastic
Perfectly elastic
Relatively elastic
Relatively inelastic
14
This products elasticity is...
<1
>1
0
1
15
This graph represents...
Market equilibrium
Price ceiling
Price floor
Subsidies
