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WorksheetsDEMAND AND SUPPLY
Total questions: 11
Worksheet time: 2mins
Demand is referring to
buyer
seller
producer
none of the above
supply is referring to
seller
buyer
buying side
buyer and seller
slopping downward from left to the right is referring to
supply curve
demand curve
supply and demand
none from the above
a movement along the demand curve is due to the factor of
whether
price of related goods
price of the good itself
advertisement
a SHIFT in the supply curve is due to the factors of
price of the good itself
income
technology
advertisement
Printers and ink cartridges are typically purchased together. Economists would call these
Substitute goods
Complementary goods
Inferior goods
compulsory goods
A table that lists the quantity of a good that a single person will buy at each price in a market.
individual demand schedule
market demand schedule
individual supply schedule
market supply schedule
For the law of supply, as price rises, what happens to quantity supplied?
it goes up
it goes down
it stays the same
it is not effected
Generally, the lower the price of a goods, the smaller the quantity demand of the goods will be.
True
False
