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Supply & Demand Flashcards | StudBud
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Supply & Demand
Supply & Demand
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StudBud Administration
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Quick quiz on Supply, demand, surplus, scarcity, private/public - economics.
Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
Is this a private or a public good?
Public
Private
2
Kevin Gates is coming to N. O. 100,000 tickets are for sale, but 250,000 people want to go?
Scarcity
Surplus
Demand
Supply
3
If I buy 50 bags of Sourpatch kids for my classes, but only 30 kids want them what do I have?
Scarcity
Goods
Services
Surplus
4
What type of job/activity is this picture showing?
Service
Traditional
Good
Economy
5
What happens to the
supply
of Curry's jersey if a store increases the price of LeBron's?
Stays the same
Increases
Decreases
