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WorksheetsCOMMERCE
Total questions: 15
Worksheet time: 4hrs 45mins
Name
Class
Date
1.
Which of the following is NOT a service
a)
Bus ride
b)
Movie
c)
Pen
d)
Haircut
2.
A person who buys goods and services is called a
a)
Consumer
b)
Producer
c)
Server
d)
Student
3.
Which of the following would be a complementary good for a skateboard
a)
Scooter
b)
Pen
c)
Bus ride
d)
Helmet
4.
What would be a substitute product for a car
a)
Car seats
b)
Bike
c)
Car Wash detergent
d)
New wiper blades
5.
How much a producer is prepared to make is referred to as
a)
Supply
b)
Demand
c)
Popularity
d)
Price
6.
How much a consumer is prepared to buy is referred to as
a)
Demand
b)
Supply
c)
Price
d)
Homework
7.
GST
a)
Goods and services total
b)
Goods and School Tax
c)
Goods and Services Tax
d)
Great Services Tax
8.
A product that is scarce would be
a)
Milk
b)
Bananas
c)
Diamonds
d)
Bread
9.
A person who makes goods and services is a
a)
Consumer
b)
Producer
c)
Server
d)
Builder
10.
When there is only one producer it is called
a)
An Oligopoly
b)
A Scrabble
c)
A Monopoly
d)
A Loner
11.
The point at which both consumers and producers are happy with the price is called
a)
Happy Days
b)
Price Equilibrium
c)
Breaking Point
d)
Even Point
12.
NAME
4 lines
13.
CLASS
4 lines
14.
E-MAIL ID
4 lines
15.
CLASS ROLL NO.
4 lines
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