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Supply and Demand Quiz

brendacrystal07 10 preguntas 4,0 (1 valoración)

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Preguntas del test (10)

  1. 1In a supply and demand graph, when the demand line shifts to the right, the demand increases.
    1. AVerdadero
    2. BFalso
  2. 2Taxes and subsidies are variables that can affect the supply shift factor.
    1. AVerdadero
    2. BFalso
  3. 3When the price on an item increases, the supply provided by the sellers decreases.
    1. AVerdadero
    2. BFalso
  4. 4When talking about the elasticity of demand, the price of an item is not important.
    1. AVerdadero
    2. BFalso
  5. 5A market takes place when more than one buyer and seller are present.
    1. AVerdadero
    2. BFalso
  6. 6In an inelastic graph, there is a huge change in demand when the price shifts.
    1. AVerdadero
    2. BFalso
  7. 7The graph of elastic supply is less horizontal compared to the inelastic graph
    1. AVerdadero
    2. BFalso
  8. 8The production of Jolly Ranchers is an example of inelastic supply
    1. AVerdadero
    2. BFalso
  9. 9When a supply curve shifts to the left, that symbolizes an increase in supply.
    1. AVerdadero
    2. BFalso
  10. 10The point where the supply curve meets the demand curve shows a shortage.
    1. AVerdadero
    2. BFalso

Información

Descripción
Test sobre Supply and Demand Quiz, creado por brendacrystal07 el 23/10/2014.
Idioma
English
Visitas
141
Valoración
4,0 de 5 · 1 valoración
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