Home Library Explore SAT

Home Library Explore SAT

Supply & Demand Flashcards | StudBud

Explore/Supply & Demand

Supply & Demand

10 terms·StudBud Administration·145 plays

Demand and Supply Quiz

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
What will happen to the price of an iPhone 7 when the iPhone X is in the shops?
it will be free
the price won't change
the price will go up
the price will go down
2
If something has a high price, what does that tell you about demand?
demand is always high
demand is never high
demand is low
demand is usually high
3
What are toothbrushes and toothpaste?
services
supply
goods
demand
4
Why does an iphone 4 have a low price?
because it's old
because demand hasn't changed
because demand is low
because demand is high
5
If the price of an iPad gets cheaper what will happen...?
nobody will buy an iPad
demand will increase
Apple will lose money
demand will decrease
6
What will happen if the demand for PS4s goes up?
there will be lots of them to buy
prices will go down
it will be easy to buy them
prices will go up
7
Why will the price for something go up if demand goes up?
Because the seller thinks they can get more money
Because people don't want to buy it anymore
Because it's Christmas
Because the seller is greedy
8
I have 9 fidget spinners that I want to sell. What is this called?
supply
demand
goods
services
9
Demand is?
What people like
How much of something people want
What I have to sell
What people need
10
What happened to record players, after CD's and MP3's came out?
what is a record player?
the demand for record players decreased
the demand didn't change
the demand for record players increased