commerce practicals

A person who buys goods and services is called a

• Consumer
• Producer
• Server
• Student

How much  a producer is prepared to make is referred to as 

• Supply
• Demand
• Popularity
• Price

GST

• Goods and services total
• Goods and School Tax
• Goods and Services Tax
• Great Services Tax

When there is only one producer it is called

• An Oligopoly
• A Scrabble
• A Monopoly
• A Loner

The point at which both consumers and producers are happy with the price is called

• Happy Days
• Price Equilibrium
• Breaking Point
• Even Point

The price of a product can be influenced by the weather or time of year

• True
• False

Digital economy also known as

• brick-and-mortar economy

• web economy