Form 2: S2P1 Quiz

Supply is when consumer desire certain goods and services and demand is the amount of goods and services available

• True

• False

Different factors influence consumer decision. Mention one of these factors.

Conspicuous consumption is .......

How does "savings" influence a consumer's decision?

Which letter is the closest to the equilibrium price

• A

• B

• C

• D

When the supply is greater than the demand we're talking about a shortage

• True

• False

What are goals of advertisements?

• Persuading consumers to buy the goods and services

• Give information on how to get rid of the goods and services

• Give information about goods and services

• Give information on how to obtain the goods and services

How does the goal of "giving information" influence the consumer?

Advertisement is a form of communication. How does it communicate?

What is being advertised?