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Supply and Demand Shifters Flashcards | StudBud
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Supply and Demand Shifters
Supply and Demand Shifters
10 terms
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StudBud Administration
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700 plays
An economics quiz to test students in differentiating shifts in supply and shifts in demand.
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
If there is a football game at CSHS, then the demand for soda at the concession stand...
Stays the same
Increases,because there are more people who want to buy soda
Decreases, because a lot of people don't like soda
2
Why do improvements in technology increase production?
Takes less time
Costs less
All of the above
Fewer errors
3
A farmer has cows and pigs, if the price of beef goes up, what should he do?
Invest in more pigs to sell more pork
Invest in more cows to sell more beef
Move to the city
Buy some chickens
4
If the price of Kanye West's clothing line is expected to rise, the demand for it will...
increase
decrease
stay the same
5
There is a shortage of rubber used to make the soles of Jordans. The price of Jordans will...
increase
decrease
stay the same
6
Based on what you know about expectations, when would you try to sell Halloween costumes?
mid-October
Right after Halloween
Around Christmas
Summer
7
Mr. White's mom got promoted and her income increased. What kind of goods will she likely buy?
Inferior
She won't buy anything
Normal
Demand
8
Which is an example of substitute goods?
Coke and Pepsi
Milk and Coffee
Chairs and Windows
Shoes and Backpacks
9
If more Mexican restaurants open in Athens, then the price of tacos...
Increases
Stays the same
No one knows
Decreases
10
2nd graders started liking long white socks more than short white socks. This is a...
change in income
change in taste/preference
change in expectations
change in technology
