D11 QUIZ ECONOMICS

What happens to price as goods are less scarce?

• prices rise

• prices lower

• prices equalize

• profit

Which is something produced by producers?

• goods and services

• demand

• prices

• None of the above.

Who is someone that acquires goods and services?

• student

• seller

• producer

• consumer

This is where demand meets supply.

• quantity demanded

• quantity supplied

• equilibrium quantity

• equilibrium price

Which is more than what is needed or used?

• black market

• shortage

• surplus

• None of the above.