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Grade 11 Economics
When a surplus occurs, suppliers tend to
  1. maintain prices
  2. lower prices
  3. raise prices
  4. increase demand
Grade 12 Economics
What causes a change in the demand curve or a shift in demand?
  1. an increase in price
  2. a change in an area other than price
  3. a change in price and availability
  4. a decrease in price
Grade 11 Personal Finance
Grade 11 Daily Living Skills

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Grade 11 Economics
Price leadership
  1. exists only in pure monopolies
  2. exists in competition among sole proprietorships
  3. is used in oligopolies to control the price of a good
  4. is illegal
Grade 12 Economics
Grade 11 Personal Finance
When shopping you should compare what price?
  1. Item Weight
  2. Unit Price
  3. Item Price
  4. None of the above
Grade 12 Economics
The law of supply is
  1. The idea that consumers will buy less at a high price and more at low prices
  2. The idea that producers will make more of product when prices are high and make less when prices are low
  3. The idea that consumers will buy at high prices and less at low prices
  4. The idea that producers will make more of a product at lower prices and less at higher prices
Grade 12 Economics
The law of demand is
  1. The idea that consumers will buy less at a high price and more at low prices
  2. The idea that producers will make more of product when prices are high and make less when prices are low
  3. The idea that consumers will buy at high prices and less at low prices
  4. The idea that producers will make more of a product at lower prices and less at higher prices
Grade 5 Spelling
A sale price is a                .
  1. bargain
  2. bargin
  3. barrgain
  4. bargen
Grade 12 Economics
Grade 12 Economics
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