Home Library Explore SAT

Home Library Explore SAT

Supply and demand quiz Flashcards | StudBud

Explore/Supply and demand quiz

Supply and demand quiz

8 terms·StudBud Administration·362 plays

Supply and demand quiz tests students understanding of the factors that shift each curve

Flashcards8 cardsFPractice quizPHost liveL

Questions 8

Answers

1
Which factor made the shift below?
The price of TV's increases
the price of soda increases
the price of shoes decreases
The Price of plastic to make dvd's goes down
2
People love these new "Tickle Me Elmo's" - which factor of demand is this?
consumer expectations
consumer taste
cost of resources
consumer income
3
What is represented by this curve?
Supply
Price
Quantity
Demand
4
This curve represents
Price
Demand
Supply
Quantity
5
What caused the shift below
the government provides a subsidy for apple farms
the cost of apples increases
consumers expect the price to be lower later
consumers don't like nikes any more
6
Which of the following would be represented by this curve?
people not liking jeans
new robots at work
government raises taxes
rock concert in town
7
Jim is able to buy more plastic for his CD business because it is on sale, which factor is this
Cost of Resources
Productivity
Taxes
Technology
8
People love these new "Tickle Me Elmo's" - which is DIRECTLY impacted
Neither
Supply
Both
Demand