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Having a price ceiling usually leads to:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
The quantity a seller is willing and able to sell at each price... is called:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
The number of sellers, producer expectations, and increases in productivity are all:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
Each time the supply or demand curve shifts:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
Having a price floor typically leads to:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
The market clearing price is also known as:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
The equilibrium price occurs at:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
As the supply curve shifts to the right:
determinants in supply
supply
there is a new equilibrium price
a shortage
the intersection of the supply and demand curves
the equilibrium price
a surplus
there is an increase in supply
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