
Ch. 21 Supply & Demand Vocab. Quiz
Authored by Kelsey Wilkison
Social Studies
9th Grade
Used 3+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ is desire, willingness, and ability to buy a good or service.
Demand
Supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which table showing quantities demanded at different possible prices?
Supply Schedule
Demand Schedule
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Downward sloping line that graphically shows the quantities demanded to change a price.
Demand Curve
Supply Curve
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concept that people are normally willing to buy less of a product if the price is high and more of it if the price is low.
Law of Demand
Law of Supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total demand of all consumers for a product or service.
Market Demand
Marginal Utility
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of satisfaction one gets from a good or service.
Utility
Value
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Additional use that is derived from each unit required.
Market Demand
Marginal Utility
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