Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
Which of the following newspaper headlines would explain a supply curve shift to the left in the market for automobiles?
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
Productivity increases at a steel mill due to technological improvement. What will happen to the price of steel?
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
If Spam is an inferior good, an increase in income will shift the:
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
How would the government most likely respond to a period of rapid inflation?
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
An “increase in quantity demanded” means that:
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
Equilibrium is also known as the
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
When the quantity demanded and quantity supplied is equal, what is the result?
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
Which of the following is NOT an example of an economic indicator?
market clearing price.
consumer continuous index
ABC Auto Maker Closes It’s Doors After 35 Years
increase taxes and increase interest rates
demand curve for Spam to the left.
decrease
equilibrium price
price has declined and consumers will therefore wants to purchase more of the product.
Check it!
Match it!
Match it!