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Match it!
Match it! Select the correct answer from the pull down...Good luck!
The cost of microchips for computers is raised. How does the supply graph change and what non-price factor is shown?
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
An advertisement is released stating cell phones can cause cancer. What non-price demand factor is represented and how is the demand graph changed?
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
A new machine is added to the assembly line. How does this change the supply graph and which supply non-price factor is represented?
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
When QS is greater than QD this causes a?
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
A chart that lists QD at each and every price is?
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
Demand is ____ related to price while supply is ____ related to price.
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
The place where QD and QS are equal is...?
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
Sprite and 7-up; Mr. Pib and Dr. pepper are examples of what type of goods
Surplus
Cost of inputs; Shift left
Inversely, Directly
Substitutes goods; elastic
Shift right; Change in technology
Advertising; Left
Demand scheduled
Market Equilibrium
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