demand and supply

demand and supply

10th Grade

15 Qs

quiz-placeholder

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demand and supply

demand and supply

Assessment

Quiz

Other

10th Grade

Practice Problem

Hard

Created by

Florent Andawa

Used 8+ times

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15 questions

Show all answers

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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