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- 1. Multiple Choice
The graph represents: Demand or Supply?DemandSupply - 2. Multiple ChoiceElastic or InelasticElasticInelastic
- 3. Multiple ChoiceElastic or InelasticElasticInelastic
- 4. Multiple ChoiceAmount of a product consumers will buy at a given prices is called what?SubstituteDemand
- 5. Multiple ChoiceLaw of demand says if the price of pizza falls, the demand for pizza will what?IncreaseDecrease
- 6. Multiple ChoiceWhen the population of Ankeny increases, the demand will: increase or decrease?IncreaseDecrease
- 7. Multiple ChoiceA necessity is something we need to live. Which answer describes a necessity?FoodSchool
- 8. Multiple ChoiceWhat kind of graph is this?SupplyDemand
- 9. Multiple ChoiceThis activity (Picture) was an example of what?Diminishing Marginal ReturnElastic Supply
- 10. Multiple ChoiceThe Law of Supply states:as price increases, supply increasesas prices decrease, demand increases
- 11. Multiple ChoiceToo many "cooks in the kitchen" is an example of?Law of SupplyDiminishing Marginal Return (Adding more workers will increase or decrease production)
- 12. Multiple ChoiceIs this graph: Supply or Demand?DemandSupply
- 13. Multiple ChoiceWhat is quantity of a good or service that producers sell at a market price?supplydemand
- 14. Multiple ChoiceWhich is a cause for supply to change? HINT: TRICETechnologyTaste
- 15. Multiple ChoicePaying rent is an example of what type of cost?FixedVariable
- 16. Multiple ChoiceWhen the number of goods is greater than producers are willing to sell is called?SurplusShortage
- 17. Multiple ChoiceWhat is Equilibrium?Price that buyers & sellers will acceptPrice that equals Goods
- 18. Multiple ChoiceThe electric changes from month to month. This is an example of.....FixedVariable
- 19. Multiple ChoiceWhat is a causes a shift for Demand? (HINT: MERIT)WeatherPopulation
- Answer choicesTagsAnswer choicesTags