Possible Production
Demand
Supply
Graphing Q's
Types of Economies
100
This word means people are on task and working efficiently.
What is productivity?
100
Does demand represents the consumer (Buyer) or the producer (Seller) side of the market?
What is the consumer side?
100
Supply represents the consumer (Buyer) or the producer (Seller) side of the market?
What is the producer side?
100
What is the equilibrium price on this graph?
What is $40?
100
This economy has a lot of government intervention?
What is Command Economy?
100
Points D, A, B all show an economy being
a) Effective
b) ineffective
c) impossible
What is a, effective?
100
The price of an item goes down. Would this increase or decrease demand?
What is increase? Cheaper item means more people can and will but it.
100
It becomes more expensive to create an item. Would this increase or decrease supply of that item?
What is decrease supply?
100
What is the Equilibrium quantity of this graph?
What is 4?
100
The type of economy that relies on consumers and businesses to determine what is made?
What is the market economy?
100
The point on the graph e is showing an economy that is
a) Effective
b) Ineffective
c) Impossible
What is c, impossible?
100
The time when quantity demanded is more then quantity supplied is known as a?
What is shortage? Not enough to go around. People are left without what they want.
100
The time when the quantity supplied is more than the quantity demanded?
What is a surplus? There is too much of the item left!
100
If the price was $30, would there be a shortage or a surplus?
What is a Shortage?
100
This economy relies on tradition and goods are mostly bought and sold using a bardering system?
What is a traditional economy?
100
The point c shows that an economy is?
a) Effective
b) Ineffective
c) Impossible
What is b, ineffective?
100
This is showing demand shifting. What is happening?
What is an increase in demand?
100
What is a decrease in supply?
100
If the price was $30 what would be the # of items that are needed to meet demand? (what is the number the supply is short?
What are 2 items?
100
Communism would fall under which type of economy?
a) Traditional
b) Command
c) Market
What is b Command?
100
If a companies workers are coming in late and are on their phones all the time. What would happen to the productivity of the company?
What is it would decrease?
100
This is showing demand shifting. What is happening?
What is a decrease in demand?
100
What is a increase in supply?
100
If the price of the good was $60 would there be a shortage or a surplus?
What is a surplus?
100
The United States falls under this type of economy?
a) Traditional
b) Command
c) Market
What is c) Market?