
Supply, Demand, Price, Ethics, Social Responsibility
Authored by CariAnn Squier
Business
8th Grade
Used 6+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The quantity of a good or service that people are willing and able to buy is called what?
supply
demand
price
revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The higher the price...
the higher the demand
the lower the supply
the lower the demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The quantity of a good or services that businesses will make available at various prices is called what?
demand
price
supply
suplus
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The higher the price...
the higher the quantity supplied
the higher the quantity demanded
the more the company will sell
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The point on the supply and demand curve where quantity demanded equals quantity supplied is called the what?
the surplus
the equilibrium point
the shortage point
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is it called when supply is greater than demand?
surplus
shortage
equilibrium
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is it called when demand is greater than supply?
shortage
surplus
equilibrium
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