32. Supply And Demand (2) Question Preview (ID: 50776)


SocialStudiesGames.net. TEACHERS: click here for quick copy question ID numbers.

what determines price in a free market?
a) supply
b) demand
c) supply and demand
d) government

What is a free market?
a) everything is free
b) almost everything free
c) prices are low, but not quite free
d) the market is free from government interference and coercion

If a handful of pizza places open up in town, what economic effect will happen?
a) Low Demand will increase prices
b) High supply will increase prices
c) Low supply will increase prices
d) High supply will decrease prices

If a handful of pizza places GO OUT OF BUSINESS in town, what economic effect will happen?
a) Low Demand will increase prices
b) High supply will increase prices
c) Low supply will decrease prices
d) Low supply will increase prices

If a research study says that pizza is HEALTHY, what economic effect will happen?
a) Low Demand will increase prices
b) high demand will increase prices
c) high demand will decrease prices
d) Low supply will decrease prices

If a research study says that pizza leads to diabetes, what economic effect will happen?
a) high demand will increase prices
b) Low Demand will increase prices
c) Low Demand will decrease prices
d) Low supply will decrease prices

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 ↑

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

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: 50776 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links