
Market Demand & Supply
Authored by Anonymous Anonymous
Business
12th Grade
Used 28+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
•The behavior of suppliers (producers) on their willingness and ability to make products available at given prices.
Demand
Demand Curve
Supply
Supply Curve
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What do you call the graphical presentation of a demand schedule?
Quantity Demand
Demand Curve
Quantity Supply
Supply Curve
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is NOT a non-price determinants of demand?
Income
Taste and Preferences
Technology
Number of buyers
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
•Refers to the tabular presentation of prices and their corresponding quantities supplied by the supplier.
Demand Curve
Demand Schedule
Supply Curve
Supply Schedule
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the impact to supply if there is an increase in number of sellers of the product?
Increase
Decrease
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact to demand if there is an increase of income of the buyers?
Increase
Decrease
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which law explains that "when prices of products increase, the tendency of consumers is to buy less of the product and when the price decreases consumer buy more of the products"?
Law of Supply
Law of Demand
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