Pick the bigger quantity at each price
Exercise and reference answers
- Questions
- A
- Gas demanded at $1.00
- B
- Gas supplied at $1.00
- Higher value
- Gas demanded at $1.00
- A
- Gas supplied at $2.20
- B
- Gas demanded at $2.20
- Higher value
- Gas supplied at $2.20
- A
- Gas demanded at $1.20
- B
- Gas demanded at $1.80
- Higher value
- Gas demanded at $1.20
- A
- Gas supplied at $1.20
- B
- Gas supplied at $1.80
- Higher value
- Gas supplied at $1.80
- A
- Cars demanded at $20,000
- B
- Cars demanded at $22,000
- Higher value
- Cars demanded at $20,000
- A
- Cars supplied at $16,000
- B
- Cars supplied at $24,000
- Higher value
- Cars supplied at $24,000
- Instructions
- Tap whichever side of the pair is the larger quantity at that price.
Explanation
_Source: OpenStax Principles of Macroeconomics for AP Courses, section 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services_