demand and supply
Quiz
•
Other
•
10th Grade
•
Practice Problem
•
Hard
Florent Andawa
Used 8+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The definition of demand in economic concepts is
The total number of goods and services that consumers want to buy at various price levels
The desire for an item accompanied by the ability to pay the price of the goods
Desire for an item that is not accompanied by ability to pay the price of the goods.
The total number of goods to be sold.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a factor that can influence demand someone, namely?
income
taste
prices of other related goods
technology
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following are factors that influence changes in numbers demand for an item, except
Changes in the price of substitute goods
Change in income.
Change in taste.
Increased production costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Effective demand is
The total number of goods and services that consumers want to buy at various price levels
Demand for a good accompanied by the ability to pay the price of the goods.
Demand for an item that is not accompanied by capabilities to pay the price of the goods
Demand for a good/service accompanied by purchasing power/ability, but not implemented
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The supply of an item will be influenced by many factors, including: as follows, except
The tastes of potential consumers
Prices of other goods
Production costs
Price of raw materials
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Several factors that influence demand and supply include
1) Expectations
2) Production costs
3) Consumer income level
4) Technological progress
5) Taste
Which are the factors that influence supply?
1, 2, and 3
1, 2, and 4
2, 3, and 4
2, 4, and 5
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors that influence demand and supply include:
1) Technology
2) Price of goods
3) Production costs
4) Consumer tastes
5) Income level
These are factors that influence supply, namely?
1, 2, and 3
2, 4, and 5
1, 3, and 5
2, 3, and 5
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