31. Supply And Demand (1) Question Preview (ID: 50775)


SocialStudiesGames.net.[print questions]

what determines price in a free marker
a) supply and demand
b) government
c) businesses
d) consumers

the amount of good for sale
a) supply
b) demand
c) opportunity cost
d) capital

the amount of goods that consumers want to purchase
a) supply
b) demand
c) opportunity cost
d) capital

Which is an incorrect statement about Supply and Demand?
a) supply ↑ ► price ↑
b) supply ↓ ► price ↑
c) demand ↑ ► price ↑
d) demand ↓ ► price ↓

Which is an incorrect statement about Supply and Demand?
a) supply ↑ ► price ↓
b) supply ↓ ► price ↑
c) demand ↓ ► price ↓
d) demand ↑ ► price ↑

Producers (or pizza shop owners) will produce more goods (pizza) if they can sell their goods at a higher prices, so the supply curve moves up and to the right
a) True
b) False
c)
d)

Consumers (or pizza shop customers) will buy fewer goods (pizza) as the pizza becomes more expensive, so the demand curve moves down and to the right
a) True
b) False
c)
d)

Producing more pizzas than consumers are willing to purchase
a) surplus
b) deficit
c) equilibrium
d) opportunity cost

Producing fewer pizzas than consumers will to purchase
a) surplus
b) deficit
c) equilibrium
d) opportunity cost

producing the exact number of pizzas that consumers are willing purchase
a) surplus
b) deficit
c) equilibrium
d) opportunity cost

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 50775 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In
| Sign Up / Register