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Duplicate of Supply OR Demand Flashcards | StudBud
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Duplicate of Supply OR Demand
Duplicate of Supply OR Demand
18 terms
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StudBud Administration
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8 plays
economics
Flashcards
18 cards
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Practice quiz
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Host live
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Questions
18
Answers
1
The dance was really fun on Friday
Wait...what?
I did not attend
Exactly
2
Upward sloping curve
Supply
Demand
3
Taxes or subsidy can cause a change in this
Demand
Supply
4
What are the two axis on a supply/demand curve?
Price and quantity
Price and supply
Price and Elasticity
Price and demand
5
The supply of oil decreases, what direction does the supply curve shift?
Right
Upward
Left
Downard
6
Downward sloping curve
Demand
Supply
7
Supply of oranges increases, what direction will the supply curve shift?
Left
Stays the same
Downward
Right
8
The price of milk goes up, the quantity supplied for milk goes...
Down
Stays the same
Up
Disappears
9
Change in expectations can cause a change in this
Both
Supply
Neither
Demand
10
Consumer tastes cause a change in this
Supply
Demand
11
Willingness and ability to buy at various prices.
Demand
Supply
12
A table that shows the availability of an item at various prices is?
Supply curve
Demand curve
Supply schedule
Demand schedule
13
Situation where the quantity demanded is greater than the quantity supplied
Efficiency
Equilibrium
Surplus
Shortage
14
Demand for Nike sweats increases because of the cold temps, as a result of which...
Supply curve shifts right
quantity demanded goes up
Demand curve shifts left
Demand curve shifts right
15
The price of shoes goes up, what happens to demand?
Down
Triples
Stays the same
Up
16
Technology or technique can cause a change in this
Demand
Supply
17
Amount of goods available at each price level is known as?
Supply
Demand
18
A table that shows the demand for an item at various price levels is?
Demand schedule
Supply curve
Demand curve
Supply schedule