Home Library Explore SAT

Home Library Explore SAT

Supply & Demand Uncovered Flashcards | StudBud

Explore/Supply & Demand Uncovered

Supply & Demand Uncovered

6 terms·StudBud Administration·13 plays

Consolidation of supply and demand for Year 10 Business students.

Flashcards6 cardsFPractice quizPHost liveL

Questions 6

Answers

1
A shift in the supply curve to the rights means:
All of the above
the amount producers wish to sell at every price increases
the amount producers wish to sell at every price decreases
the amount producers wish to sell at every price is the same
2
A shift in the supply curve to the left means:
none of the above
quantity producers offer at every price will be high.
quantity producers offer at every price stays the same.
quantity producers offer at every price will be less.
3
A shift in demand to get rid of stock and accept lower prices is referred to as a:
market surplus
market upset
market excess
market shortage
4
Where supply and demand curves meet is known as:
equilibrium
equal
coincide
connection
5
The demand curve shifts to the ___________ when there are changes to factors for demand.
down
right
left
up
6
A shift in demand with reduced levels of stock at higher prices is referred to as a:
market robbery
market shortage
market surplus
market maintenance