Demand and supply

Demand and supply

3rd Grade

13 Qs

quiz-placeholder

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Demand and supply

Demand and supply

Assessment

Quiz

Business

3rd Grade

Hard

Created by

Sashel Bailey

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jennifer Lopez is seen wearing a new short and sleek dress. People now want this dress. Which demand determinant is this most likely to fall under?
Change in Consumer Income
Change in Consumer Tastes
Change in Price of Substitute Good
Change in Consumer Price Expectations

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Demand is referring to

buyer

seller

producer

none of the above

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Demand is referring to

buyer

seller

producer

none of the above

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

supply is referring to

seller

buyer

buying side

buyer and seller

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

slopping downward from left to the right is referring to

supply curve

demand curve

supply and demand

none from the above

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

a movement along the demand curve is due to the factor of

whether

price of related goods

price of the good itself

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7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

a SHIFT in the supply curve is due to the factors of

price of the good itself

income

technology

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