
SUPPLY AND DEMAND
Authored by Patricia Alexis
Business
10th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of consumers in a market economy?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does price affect quantity supplied using a supply curve?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the concept of demand and its relationship to consumer purchasing decisions?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does price affect quantity demanded using a demand curve?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the quantity of a good or service that consumers are willing and able to buy?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do producers play in a market economy?
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