Supply, Demand and Equilibrium

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Test your knowledge of supply, demand, and equilibrium in this educational game!

Créé par

sarah ayyad

United Arab Emirates

Téléchargez la version pour jouer sur papier

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2	shaikha 1 Février 2024	% 89	01:30
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Supply, Demand and Equilibrium


Supply, Demand and EquilibriumVersion en ligne Test your knowledge of supply, demand, and equilibrium in this educational game! par sarah ayyad 1 A decrease in supply leads to lower prices. Yes No 2 A shortage occurs when the quantity supplied exceeds the quantity demanded. Yes No 3 The demand curve slopes downward. Yes No 4 The law of supply states that as the price of a good increases, the quantity supplied decreases. Yes No 5 An increase in demand leads to lower prices. Yes No 6 A decrease in supply leads to higher prices. Yes No 7 The law of demand states that as the price of a good increases, the quantity demanded also increases. Yes No 8 The demand curve slopes upward. Yes No 9 Equilibrium only occurs in perfectly competitive markets. Yes No 10 Supply and demand have no impact on prices. Yes No 11 The equilibrium price is always the highest price in the market. Yes No 12 An increase in demand leads to higher prices. Yes No 13 The law of supply states that as the price of a good increases, the quantity supplied also increases. Yes No 14 A shortage occurs when the quantity demanded exceeds the quantity supplied. Yes No 15 Supply and demand determine the price of goods. Yes No 16 The equilibrium price is also known as the market-clearing price. Yes No 17 The law of demand states that as the price of a good increases, the quantity demanded decreases. Yes No 18 Equilibrium occurs when the quantity supplied equals the quantity demanded. Yes No

Vous pouvez intégrer le jeu dans un LMS compatible avec LTI 1.1 ou LTI 1.3 comme Canvas, Moodle ou Blackboard. Les scores seront ainsi automatiquement enregistrés dans le carnet de notes de la plateforme.

Supply, Demand and Equilibrium

Oui ou Non

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Supply, Demand and EquilibriumVersion en ligne

par sarah ayyad

A decrease in supply leads to lower prices.

A shortage occurs when the quantity supplied exceeds the quantity demanded.

The demand curve slopes downward.

The law of supply states that as the price of a good increases, the quantity supplied decreases.

An increase in demand leads to lower prices.

A decrease in supply leads to higher prices.

The law of demand states that as the price of a good increases, the quantity demanded also increases.

The demand curve slopes upward.

Equilibrium only occurs in perfectly competitive markets.

Supply and demand have no impact on prices.

The equilibrium price is always the highest price in the market.

An increase in demand leads to higher prices.

The law of supply states that as the price of a good increases, the quantity supplied also increases.

A shortage occurs when the quantity demanded exceeds the quantity supplied.

Supply and demand determine the price of goods.

The equilibrium price is also known as the market-clearing price.

The law of demand states that as the price of a good increases, the quantity demanded decreases.

Equilibrium occurs when the quantity supplied equals the quantity demanded.