Test
Supply and demand practice
This 10th-grade resource provides practice with supply and demand concepts through multiple-choice and sequencing questions, focusing on the law of demand and supply, interpreting supply and demand curves, and understanding equilibrium price adjustments. Students analyze scenarios and arrange steps to demonstrate market equilibrium.
By Edform · Economics and personal finance · Grade 10 · Published Oct 15, 2026 · New
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Questions
- Which of the following best describes the law of demand?
- What happens to the equilibrium price if demand increases and supply remains unchanged?
- Which of the following would cause a shift in the supply curve for apples to the right?
- Put the following steps in order to show how a market reaches equilibrium after an increase in demand.
- Match each term to its correct definition.
- Fill in the blank: The point where the supply and demand curves intersect is called the ___ price.
- Sort each factor as affecting either demand or supply.
- Mark each statement as true or false.
- If the quantity demanded is 100 units and the quantity supplied is 80 units at a price of $10, what is the shortage in the market?
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