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Match it! Select the correct answer from the pull down...Good luck!
What is a free market?
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
If a research study says that pizza is HEALTHY, what economic effect will happen?
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
If a handful of pizza places open up in town, what economic effect will happen?
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
Which is an incorrect statement about Supply and Demand?
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
the amount of goods that consumers want to purchase
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
If a research study says that pizza leads to diabetes, what economic effect will happen?
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
Which is an incorrect statement about Supply and Demand?
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
the amount of good for sale
demand ↓ ► price ↓
the market is free from government interference and coercion
Low Demand will decrease prices
High supply will decrease prices
demand
supply
high demand will increase prices
supply ↑ ► price ↑
Check it!