Quizalize logo
placeholder image to represent content

ECON_Chapter 6: Prices

Quiz by Vasquez_BGHS

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
27 questions
Show answers
  • Q1
    What is an example of search cost?
    The time and gas money spent looking for a hard-to-find item
    30s
  • Q2
    What conditions lead to a surplus?
    By shifts in the supply curve, which cause quantity supplied to exceed quantity demanded
    30s
  • Q3
    What roles does the government play in determining some prices?
    The government offers some price floors, such as farm subsidies and the minimum wage, and also price ceilings, such as rent control.
    30s
  • Q4
    How is the price floor different from a price ceiling?
    The price ceiling is the maximum price set by low, that sellers can change for a good or service. The price floor is the minimum price, set by the government, that must be paid for a good or service.
    30s
  • Q5
    How does rent control work?
    Price ceiling place on rent
    30s
  • Q6
    What problem can a price floor cause?
    Excess supply
    30s
  • Q7
    Is a situation in which quantity demanded is greater than quantity supplied.
    Shortage
    30s
  • Q8
    A price ceiling placed on rent is called?
    Rent Control
    30s
  • Q9
    Is a system of allocating scarce goods and services using criteria other than price.
    Rationing
    30s
  • Q10
    The process when quantity demanded is more than quantity supplied.
    Excess Demand
    30s
  • Q11
    Is the minimum price that an employer can pay a worker for an hour of labor.
    Minimum Wage
    30s
  • Q12
    The process when quantity supplied is more than the quantity demanded.
    Excess Supply
    30s
  • Q13
    Is the financial and opportunity cost consumers pay when searching for a good or service.
    Search Costs
    30s
  • Q14
    _____________________ is unique because it is the point where the price and amount supplied are equal to the price and amount demanded.
    Equilibrium
    30s
  • Q15
    Rationing is the cost of production that affect people who have no control over how much of a good is produced.
    False
    True
    30s

Teachers give this quiz to your class