
Supply and demand Test Review
Authored by Tracy DeForde
Social Studies
6th - 7th Grade
Used 5+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In general, if the price of a good or service goes down, what happens to the demand for that good or service?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person or company that makes, grows, or supplies goods to sell is called the?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In general, if the price of a good or service goes up, what happens to the demand for that good or service?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of goods or services available is called?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An individual or group who purchases goods.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the main factor that causes a change in supply
price
style
taxes
regulations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Once a business has paid all of its costs, the money left over is ___
revenue
profit
supply
tax
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