Market Mechanics Quiz

Froggy Jumps

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Test your understanding of supply, demand, and equilibrium.

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Montex

Canada

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Market Mechanics Quiz


Froggy Jumps Market Mechanics QuizVersion en ligne Test your understanding of supply, demand, and equilibrium. par Montex 1 What happens at market equilibrium? a Only producers set the price at equilibrium b Prices rise until demand matches supply c Quantity demanded equals quantity supplied 2 What causes a movement along the demand curve? a A change in consumer tastes b A shift in supply c A change in price 3 What shifts the supply curve to the right? a Technological improvements lowering costs b Higher production costs c Increased taxes on producers 4 Which term describes a fall in price leading to higher quantity demanded? a Demand curve shift b Law of demand (movement along the curve) c Law of supply 5 What does a surplus indicate at a price above Pe? a Demand exceeds supply b Quantity supplied exceeds quantity demanded c Market is perfectly competitive 6 What is the effect of a price rise on quantity supplied (ceteris paribus)? a Quantity demanded decreases b Supply becomes perfectly elastic c Quantity supplied increases 7 Determinants of demand cause curves to do what when they rise? a Move along the curve b Shift to the left c Shift to the right 8 What happens to equilibrium price if demand increases and supply stays constant? a Equilibrium price falls b Equilibrium quantity falls c Equilibrium price rises 9 What is the term for the total quantity suppliers are willing to offer at a price? a Supply b Quantity supplied c Demand quantity 10 What shifts the supply curve due to government policies? a Population changes b Taste and fashion c Taxes and subsidies

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Market Mechanics Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Market Mechanics QuizVersion en ligne

par Montex

What happens at market equilibrium?

What causes a movement along the demand curve?

What shifts the supply curve to the right?

Which term describes a fall in price leading to higher quantity demanded?

What does a surplus indicate at a price above Pe?

What is the effect of a price rise on quantity supplied (ceteris paribus)?

Determinants of demand cause curves to do what when they rise?

What happens to equilibrium price if demand increases and supply stays constant?

What is the term for the total quantity suppliers are willing to offer at a price?

What shifts the supply curve due to government policies?