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WorksheetsAE- QUIZ # 3
Total questions: 10
Worksheet time: 7mins
A (a) or the amount of good or service consumers are willing to purchase at each price.
(a) is what a buyer pays for a unit of the specific good or service.
The total number of units purchased at that price is called the (a) .
A (a) is any activity for business set-up. It is where consumer buys and the seller sells.
It is categorized as local, national and (a) .
____________ is the value of goods and services that buyers are willing to purchase in every price.
DEMAND
SUPPLY
DEMAND SCHEDULE
SUPPLY SCHEDULE
The (a) consumers will demand a lower quantity of a good. The low price of the good influences the consumer to buy more.
FACTORS AFFECTING DEMAND
Income of buyers
Consumers Trends
Number of Competitors
Production capacity
FACTORS AFFECTING SUPPLY
Income of buyers
Consumers Trends
Number of Competitors
Production capacity
___________ describes the total value of a good or service that is available to customers.
DEMAND
SUPPLY
DEMAND SCHEDULE
SUPPLY SCHEDULE
