
Demand and Supply
Quiz
•
Business
•
University
•
Hard
Jillur Rahim
FREE Resource
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5 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 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
1 min • 1 pt
In general, if the price of a good or service goes up, what happens to the demand for that good or service?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Millions of people see a famous sports star drinking apple juice on television. The fans think apple juice helps make the athlete strong. What will happen to the price of apple juice?
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the price at which a good is bought and sold in a market equilibrium is called
retail price
equilibrium price
discount price
base price
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the demand curve has shifted to the right, this suggests demand has
increased
decreased
quantity demanded has increased
quantity demanded has increased
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