Vocab. Quiz (Supply & Demand)

Vocab. Quiz (Supply & Demand)

5th - 8th Grade

10 Qs

quiz-placeholder

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Vocab. Quiz (Supply & Demand)

Vocab. Quiz (Supply & Demand)

Assessment

Quiz

Social Studies, History, Education

5th - 8th Grade

Medium

Created by

Tahir Lee

Used 12+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Any good that consumers purchase more of as their incomes increase.

normal good

basic good

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Any good that consumers purchase less of as their income increases.

classic good

inferior good

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

the amount a supplier is willing and able to supply at a certain price.


quantity demanded

quantity supplied

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

the amount a consumer is willing and able to buy at a certain price.

quantity demanded

quantity supplied

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

states that as prices rise, quantity demanded decreases.

Law of Demand

Law of Supply

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

states that the higher the price, the greater the quantity produced.

Law of Demand

Law of Supply

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

is the amount consumed at a specific price.

Quantity Demanded

Shortage

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