stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Yr 8 - Economics: Shifts in Supply and Demand Flashcards | StudBud
Explore
/
Yr 8 - Economics: Shifts in Supply and Demand
Yr 8 - Economics: Shifts in Supply and Demand
12 terms
·
StudBud Administration
·
408 plays
Imported from external platform
Flashcards
12 cards
F
Practice quiz
P
Host live
L
Questions
12
Answers
1
What happens if the
demand
for ice-cream is
greater
than the
supply
?
There will be a surplus of ice-cream
The price will probably grow
The price will probably go down
There will be a shortage of ice-cream
2
What happens if the price for a good is at
Market Equilibrium
?
There will be a surplus of the good
There will be a shortage of the good
The price will continue to grow
The quantity supplied and the quantity demanded will be the same
3
If the price
decreases
what will happen to the
quantity supplied
?
The quantity supplied will stay the same
the quantity supplied will increase
No body knows
The quantity supplied will decrease
4
In
summer
time, what happens to the
demand
for
sunscreen
?
No body knows
The demand doesn't change
The demand increases
The demand decreases
5
If restaurants start using
robots
to make burgers, what will happen to the
supply of burgers
?
Price will go up
Supply will decrease
Supply will stay the same
Supply will increase
6
If the
price increases
what will happen to the
quantity demanded?
The quantity demanded will stay the same
It will be random
The quantity demanded will decrease
The quantity demanded will increase
7
When the PlayStation 6 comes out, what will happen to demand for the PS5?
No body knows
Demand will decrease for the PS5
Demand will stay the same
Demand will increase for the PS5
8
When fidget spinners became popular, what happened to the demand for them?
Demand decreased
Nothing happened
Demand increased
Demand stayed the same
9
If the
price
decreases
what will happen to the
quantity demanded?
The quantity demanded will increase
It will be random
The quantity demanded will stay the same
The quantity demanded will decrease
10
When UberEats, MenuLog and Deliveroo started, what happened to the supply of food delivery services?
The supply of the service increased
the supply of the service decreased
The supply stayed the same
The cost of food delivering increased
11
If the price
increases
, what happens to the
quantity supplied
?
It will stay the same
The quantity supplied will increase
No body knows
The quantity supplied will decrease
12
After a cyclone hits areas where banana's are grown, what happens to the supply of bananas
the supply stays the same
The supply increases
the price of banana's goes down
the supply decreases
