Supply & Demand
Quiz
•
Business
•
8th - 12th Grade
•
Easy
Maronica Brown
Used 10+ times
FREE Resource
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27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The want or willingness a consumer has to purchase a good or a service is called?
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The amount of goods or services available for a producer to sell is called?
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An individual who purchases (buy) goods.
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?
The supply will probably go up
The supply will probably go down
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?
The demand will probably go up
The demand will probably go down
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What will happen to the price of new cars if a weak economy causes people to have lower incomes?
The price will increase
The price will decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What will happen to the price of baby cribs if there is a large increase in the number of babies born?
The price will increase
The price will decarese
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