
1-4 Supply and Demand
Authored by Marian Moore
Business
10th - 12th Grade
Used 3+ times

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20 questions
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1.
OPEN ENDED QUESTION
3 mins • 5 pts
Buying decisions are made by consumers, which include: (p.23)
Evaluate responses using AI:
OFF
Answer explanation
individuals
businesses
government
2.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
A person who buys and uses goods and services is called a _________.
Consumer
Producer
3.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Individuals and organizations that determine what products and services will be available for sale are called ______.
Consumers
Producers
4.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Consumers decide what to buy, where to buy, from whom to buy, and what price they are willing to pay.
True
False
5.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
They determine what products and services will be available in the economy, what needs and wants they will try to satisfy, and the prices they want to receive. (p. 23)
Consumers
Producers
Bankers
Communists
6.
FILL IN THE BLANK QUESTION
3 mins • 5 pts
Producers invest resources and take risks in order to make a _____. (p. 23)
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
________________ is the quantity of a good or service that businesses are willing and able to provide. is called
Supply
Supply curve
Demand
Demand Curve
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