728124, 3:03 PM ‘Supply and Demand | Quizzz QUIZIZZ Worksheets Name supply and Deman pply and D ! Class Total questions: 19 Worksheet time: 1Omins Instructor name: Mitchlloréan 1. oo This curve demonstrates what idea? a) As price decreases, quantity demanded b) As price increases, quantity supplied goes goes down up ©) As price decreases, quantity supplied goes) As price increases, quantity demanded up goes up ‘eemety 2, vetopese This curve demonstrates what idea? a) As price increases, quantity demanded goes b) As price increases, quantity supplied goes up up ©) Asprice decreases, quantity demanded _—_d) As price decreases, quantity supplied goes goes up up bitpsquiziz.comven/prinv¥6290bcct2b442600 le2KecBHI6¢525e taseB4e3b58012486/9 168728124, 3:03 PM ‘Supply and Demand | Quizzz ‘eemety 3, eetopnda A point ON the curve could change if...? a) There is a change in tax structure b) There is an increase in demand ©) People's tastes or preferences change d) Price changes 4, Simeon Ifthe price of a good goes up, what will happen to quantity supplied? a) Itwill increase b) [twill stay the same ©) Supply will change, not quantity supplied —d) [twill decrease ‘eemety 5, beetopeda What will happen to quantity demanded if the price goes down? a) Itwill decrease b) Quantity demanded won't change, demand will ©) Itwill increase d) [twill stay the same bitpsquiziz.comven/prinv¥6290bcct2b442600 le2KecBHI6¢525e taseB4e3b58012486/9 216,728124, 3:03 PM ‘Supply and Demand | Quizzz P D1 v2 s 2 nilt A aiaz 3 What could cause the shift from D1 to D2? a) A change in preferences b) A change in quantity demanded ©) Achange in price d) A change in quantity supplied 7, Olena This graph represents...2 a) Changes in quantity supplied b) Changes in quantity demanded ©) Changes in supply d) Changes in demand 8, Ohreneate This graph represents... a) Changes in quantity supplied b) Changes in quantity demanded ©) Changes in demand d) Changes in supply bitpsquiziz.comven/prinv¥6290bcct2b442600 le2KecBHI6¢525e taseB4e3b58012486/9 316728124, 3:03 PM ‘Supply and Demand | Quizzz 10. uN. 12. Acbittin supply fs Ifthe supply curve on this graph represents iPhones, what would cause the change from S to 51 (red to purple line? a) An increase in the cost of producingan —_—_—b) An increase in computer chips iPhone ©. Employees figure out a way to work more d) The price of iPhones increases efficiently einnepese If Tom Brady unretires and wins a Super Bowl, what will happen to the demand curve for Tom. Brady jerseys (in theory)? a) It will shift to the right b) The price will go down ©) It will shift to the left @) Itwon't shift Which is a determinant or shifter of supply? a) Number of producers increases b) All of the above ©) Price inputs drop d) Taxes increase There is a record peach harvest, and prices are lowest in decades, what will happen to the supply curve for peach pies? a) The supply curve will shift to the left b) The supply curve will shift to the right ©) The demand curve will shift to the left d) The demand curve will shift to the right bitpsquiziz.comven/prinv¥6290bcct2b442600 le2KecBHI6¢525e taseB4e3b58012486/9 46728124, 3:03 PM ‘Supply and Demand | Quizzz 13. Congress passes a new "Sugar Ta) 1ow will this impact the supply curve for sugar? a) The supply curve will shift to the left b) The supply curve will shift to the right ©) The demand curve will shift to the right) The demand curve will shift to the left 14, Prices of blueberries rise dramatically, how will this impact the demand curve for strawberries? a) The supply curve will shift to the right b) The demand curve will shift to the right ©) The supply curve will shift to the left d) The demand curve will shift to the left 15. Experts say that in five years, video games will cost 200% more than they do now, how will this affect the demand curve for video games now? a) The supply curve will shift to the left b) The demand curve will shift to the left, ©) The demand curve will shiftto the right d) The supply curve will shift to the right 16. Research suggests that consuming sugar can cause health problems. What happens to the demand for Gummy Bears? a) The demand curve will shift to the left b) The supply curve will shift to the left ©) The supply curve will shift to the right d) The demand curve will shift to the right 7 mira The point in the middle of the two curves represents or shows...? a) Ashortage b) An increase in supply ©) Market Equilibrium 4d) Asurplus bitpsquiziz.comven/prinv¥6290bcct2b442600 le2KecBHI6¢525e taseB4e3b58012486/9 516728124, 3:03 PM ‘Supply and Demand | Quizzz 18, _____ occurs when quanity demanded is higher than quantity supplied. a) Equilibrium b) Shortage ©) Surplus d) Market clarity 19. ___ occurs when quanity supplied is higher than quantity demanded, a) Market clarity b) Surplus ©) Equilibrium ) Shortage bitpsquiziz.comven/prinv¥6290bcct2b442600 le2KecBHI6¢525e taseB4e3b58012486/9