Supply and Demand | Baamboozle - Baamboozle | The Most Fun Classroom Games!

Team 1
0

Team 2
0

Teams

Name

Score

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Loading

15

A table describing the prices and quantities demanded of a given produce.

Demand Schedule

Oops!

Check

Okay!

Check

10

Draw a decrease in the demand curve.

shifts left

Oops!

Check

Okay!

Check

10

The concept that as price goes up, demand goes down...and vice versa

Law of Demand

Oops!

Check

Okay!

Check

25

Give an example of an exception to supply.

Anything that has been discontinued or can not be produced

Oops!

Check

Okay!

Check

15

What is an elastic good?

Demand is price sensitive, a want.

Oops!

Check

Okay!

Check

5

The supply curve goes... (up or down)

up

Oops!

Check

Okay!

Check

trap

No points!

Oops!

gift

Win 5 points!

Okay!

gift

Win 25 points!

Okay!

banana

Go to last place!

Oops!

10

Give an example of an inferior good.

Any off brand

Oops!

Check

Okay!

Check

15

What two things must you have to be considered part of demand?

willing and able

Oops!

Check

Okay!

Check

20

What does ceteris paribus mean?

all other things held constant.

Oops!

Check

Okay!

Check

trap

No points!

Oops!

gift

Win 15 points!

Okay!

rocket

Go to first place!

Okay!

thief

Give points!

5

10

15

20

25

15

Give an example of a normal good.

Any name brand

Oops!

Check

Okay!

Check

thief

Give points!

5

10

15

20

25

gold

Win 50 points!

Okay!

rocket

Go to first place!

Okay!

banana

Go to last place!

Oops!

25

Name three of the six determinates of demand

income, number of buyers, preference, complements, substitutes, future price.

Oops!

Check

Okay!

Check

20

_____ are goods that can be purchased in place of one another.

Substitutes

Oops!

Check

Okay!

Check

15

Costs of production that do not change.

Fixed Costs

Oops!

Check

Okay!

Check

Restart Join for Free

;

Your experience on this site will be improved by allowing cookies.