Test your knowledge with the following 10 supply and demand practice questions that come from previously administered gre economics tests full answers for each question are included but try solving the question on your own first before checking the answer. Price elasticity of demand example questions review answers to example questions example 1 you are given market data that says when the price of pizza is 4 the quantity demanded of pizza is 60 slices and the quantity demanded of cheese bread is 100 pieces when the price of pizza is 2 the quantity demanded of pizza is 80 slices and the. Demand supply questions general questions on demand and supply study play as income rises the demand curve for the inferior good will shift to the left true or false income in not a determinant of demand false it is true or false the price of a subsititute good is a determinant of demand. Practice questions and answers from lesson i 4 demand and supply 1 practice questions and answers from lesson i 4 demand and supply the following questions practice these skills describe when demand or supply increases shifts right or decreases shifts left identify a competitive equilibrium of demand and supply. Supply and demand342021supply and demandsupplydemand equilibrium test questionsdocx multiple choice identify the letter of the choice that best completes the statement or answers the question
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