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Supply and Demand

Authored by Andrea Gratton

Social Studies, Business

5th - 8th Grade

Used 90+ times

Supply and Demand
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8 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of money that it takes to provide or produce a good or service

price

cost

supply

deficit

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A situation in which the supply of a product/service is less than the demand of that product/service

defecit

demand

good

surplus

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of a good or service that is wanted or desired

cost

defecit

demand

supply

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A physical item that is produced and purchased

demand

surplus

supply

good

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of money charged in order to purchase a good or service

cost

demand

service

price

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Work that is performed in exchange for money

demand

service

surplus

supply

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of a good or service that is available

cost

supply

surplus

demand

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