Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

5 Questions

2 Views

The Law of Supply and Demand

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

According to the law of supply and demand, what happens to supply as the price of a product increases?

Supply fluctuates

Supply remains the same

Supply increases (correct)

Supply decreases

According to the law of supply and demand, what happens to demand as the price of a product decreases?

Demand remains the same

Demand fluctuates

Demand increases (correct)

Demand decreases

What is the intersection of the supply and demand curves called?

Equilibrium (correct)

Supply and demand intersection

Price discovery

Market-clearing price

According to the law of demand, what happens to demand as the price of a product rises?

<p>Demand decreases</p> Signup and view all the answers

According to the law of supply, what happens to supply as the price of a product decreases?

<p>Supply increases</p> Signup and view all the answers

The Law of Supply and Demand

Choose a study mode

Podcast

Questions and Answers

According to the law of supply and demand, what happens to supply as the price of a product increases?

According to the law of supply and demand, what happens to demand as the price of a product decreases?

What is the intersection of the supply and demand curves called?

According to the law of demand, what happens to demand as the price of a product rises?

According to the law of supply, what happens to supply as the price of a product decreases?

More Like This

The Law of Supply and Demand Quiz

Quiz sur l'offre et la demande

Understanding Demand and Supply Theory Quiz

Economics Supply and Demand Quiz: Law of Demand Practice

Upgrade to continue