Economics: Supply and Demand
Authored by Erica Dawson
Other
12th Grade
Used 7+ times
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3 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the law of supply, suppliers want to sell their product at ___ prices.
low
high
consistent
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the law of demand, consumers want to purchase a product at ___ prices.
low
high
consistent
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which person is credited with introducing the concept of supply and demand?
Milton Friedman
Thomas Paine
Adam Smith
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