1.1 - A. Demand and Supply Curves
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What does a demand curve represent?
💡 Hint: Think about how consumers react to changes in price.
What shape does a supply curve typically have?
💡 Hint: Remember how prices affect production decisions.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does a downward sloping demand curve indicate?
💡 Hint: Think about how sales affect what people buy.
True or False: A surplus occurs when demand is greater than supply.
💡 Hint: Remember the definitions of surplus and shortage.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Evaluate the effects of a sudden increase in consumer preferences for electric cars on the demand curve. What could be the resulting equilibrium change?
💡 Hint: Think about how preferences impact buying behavior.
Analyze how a new tax on sugary drinks might affect the supply curve for these products.
💡 Hint: Consider how costs affect supply decisions.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.