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Supply and Demand Review Flashcards | StudBud
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Supply and Demand Review
Supply and Demand Review
5 terms
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StudBud Administration
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330 plays
#business#economics#bbi
Flashcards
5 cards
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Practice quiz
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Host live
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Questions
5
Answers
1
On a supply and demand curve ______ is on the x axis
quantity
supply
price
demand
2
As prices goes down quantity supplied goes
No Change
Up
Not Sure
Down
3
The point on a graph where the supply and demand curve meet is called the ________ point
equilibrium
price
balance
quantity
4
As prices go up quantity demanded goes
Down
Up
Not Sure
Stays the same
5
To add to supply a producer must be both willing and ______
Rich
Hard working
Able
Smart