Supply and Demand | Quizalize

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Supply and Demand

Quiz by Shawna Farbotnik

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Q 1/11
Score 0
Which would be a likely cause of an increase in the price of pizza?
29

a decrease in the price of hamburgers, a substitute food
a health report showing eating pizza reduces stress
a decreased interest in take-out and fast-food dining
a decrease in the price of cheese, a complement

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11 questions

Show answers

Q1
Which would be a likely cause of an increase in the price of pizza?
a decrease in the price of hamburgers, a substitute food
a health report showing eating pizza reduces stress
a decreased interest in take-out and fast-food dining
a decrease in the price of cheese, a complement
30s
Q2
Which best describes the relationship b/w price & quantity demanded shown by the demand curve?
as a product's price rises, consumers buy less other goods
there's an inverse relationship bw price & quantity demanded
as the product's price falls, consumers buy less of the good
theres an indirect relationship between price & quantity demanded
30s
Q3
Which statement best explains the movement from S1 to S2 shown on this graph?
higher costs for natural resources
an increase in workers’ salaries
technological improvements in production
a decline in the production of a substitute good
30s
Q4
What does the point of intersection shown on this graph represent?
opportunity cost
marginal production
elasticity
equilibrium price
30s
Q5
Which statement best describes the relationship between supply and demand?
A product with high demand & high supply leads to a decrease in price
A product with high demand & low supply leads to an increase in price
A product with low demand & low supply leads to an increase in price
A product with low demand & high supply leads to no change in price
30s