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Using Market Forces to Manipulate Supply and Demand

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following BEST describes the intersection between supply and demand?

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1. How does innovation impact the supply and demand curve?

2. Why does internet piracy cause the supply curve to shift to the left?

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About This Quiz & Worksheet

This worksheet and attached quiz will help you to gauge your understanding of the impact of market forces on supply and demand. You will be quizzed on things such as the point at which supply and demand intersect and the shift caused by innovation.

Quiz & Worksheet Goals

Use the worksheet and quiz to:

  • Identify the shift caused by internet piracy
  • Recognize what bribery closely resembles
  • Understand the shift caused by advertising

Skills Practiced

The following study skills will be practiced:

  • Making connections - use understanding of the concept of supply and demand and how the are connected to each other
  • Critical thinking - apply relevant concepts to examine information about the shift caused by innovation in a different light
  • Information recall - access the knowledge you've gained regarding the shift caused by internet piracy

Additional Learning

Find out more about the impact of market forces on supply and demand with this lesson called Using Market Forces to Manipulate Supply and Demand. The lesson will cover the following study points:

  • Understand what it means to advertise
  • Recognize the difference between producers and consumers
  • Explain illegal movements
  • Assess what causes markets shift
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