Vocabulary Quiz on Supply and Demand

What is the total amount of a product available for use or sale?

• supply
• stock
• merchandise
• inventory

What is the desire or need for a product or service by people?

• Supply
• Demand
• Price
• Market

What is a situation where there is not enough of something?

• Surplus
• Abundance
• Excess
• Shortage

What is more of something than is necessary or wanted?

• deficiency
• scarcity
• shortage
• excess

What is a sudden and sharp increase in quantity or level?

• decline
• stagnation
• diminution
• surge

What is a sudden and large increase?

• Spike
• Decline
• Drop
• Dip

What are the goods or materials a business keeps available for sale or use?

• Inventory
• Supplies
• Assets
• Products

What is a large building where goods are stored?

What is a short period of excessive spending?

What does it mean to come up with a strategy or idea?

• It means to devise a plan or concept to achieve a specific goal.
• It refers to randomly choosing an option without any thought.
• It means to ignore the problem and hope it resolves itself.
• It involves following someone else's plan without modification.