1. Supply and Demand!
Created by Educational Technology Network

2. That’s Still Too Graphic
Gimme! Gimme!
Gimme!
Make It, Take It!
It’s Kind’a Shifty
That’s Too Graphic
That’s Still Too Graphic 10 20 30 40 50

3. Question
Demand is made up of these two things.

4. Answer 1 – 10 What is DESIRE to own something and
the ABILITY to pay for it?

5. Question
The Law of Demand states that if prices go down, this will happen to demand.

6. Answer 1 – 20
What is go up?

7. Question
The Substitution Effect says that if the price of a normal good goes up, demand for a substitute good will do this.

8. Answer 1 – 30
What is go up?

9. Question
Elasticity of Demand measures this.

10. Answer 1 – 40
What is how sharply customers will react to price changes.

11. Question
When the demand for cell phones goes up, the demand for chargers also goes up because these two items are this.

12. Answer 1 – 50
What are Complements? (Complementary Goods)

13. Question
Supply is made up of these two things.

14. Answer 2 – 10
What is the amount of a good a producer is WILLING AND ABLE to produce at a given price?

15. Question
The Law of Supply states that as the price of a product falls, producers will do this.

16. Answer 2 – 20
What is make LESS of the product?

17. Question
Advancements in technology tend to have this effect on supply of certain goods.

18. Answer 2 – 30
What is INCREASE SUPPLY at a given price?

19. Question
This is the ultimate goal of a producer when deciding on whether or not to make more or less of a good.

20. Answer 2 – 40
What is to MAXIMIZE PROFITS ?

21. Question
When customers demand more than producers are able to supply, this is created.

22. Answer 2 – 50
What is a SHORTAGE ?

23. Question
If the DEMAND curve shifts to the right, it indicates that this has happened.

24. Answer 3 – 10
What is DEMAND HAS GONE UP for some reason?

25. Question
If the SUPPLY curve shifts to the right, it indicates that this has happened.

26. Answer 3 – 20
What is SUPPLY HAS GONE UP for some reason?

27. Question
If DEMAND drops, this is the direction the DEMAND curve moves.

28. Answer 3 – 30
What is to the LEFT?

29. Question
If SUPPLY drops, this is the direction the SUPPLY curve moves.

30. Answer 3 – 40
What is to the LEFT?

31. Question
If SUPPLY drops, this is the direction the DEMAND curve moves.

32. Answer 3 – 50
What is IT DOESN’T MOVE AT ALL.

33. Question
IT is what is measured on the VERTICAL AXIS.

34. Answer 4 – 10
What is PRICE?

35. Question
This is indicated by the HIGHLIGHTED line?

36. Answer 4 – 20
What is DEMAND?

37. Question
What is measured on the HORIZONTAL AXIS?

38. Answer 4 – 30
What is QUANTITY?

39. Question
The name of the point indicated here:

40. Answer 4 – 40
What is EQUILIBRIUM?

41. Question
It’s the value found at the bottom left side of curve.

42. Answer 4 – 50
What is ZERO?

43. Question
It’s the action shown below:

44. Answer 5 – 10
What is DEMAND IS SHIFTING RIGHT (demand is increasing)?

45. Question
It’s what happens to price when the following happens:

46. Answer 5 – 20
What is PRICE RISES?

47. Question
An economist makes this to predict how a large number of people will change their buying habits when prices increase or decrease.
In hundreds of dollars 
In thousands of  bushels

48. Answer 5 – 30
What is a MARKET DEMAND SCHEDULE?

49. Question
If a PRICE FLOOR (lowest possible price for a product) is imposed by an outside force, this is created:

50. Answer 5 – 40
What is a SURPLUS?

51. Question
A shortage is created when an outside force imposes this “roomy” term.

52. Answer 5 – 50
What is a PRICE CEILING?