WorksheetsSupply and Demand and Trade
Total questions: 13
Worksheet time: 7mins
The Law of Demand states that as price decreases...
Quantity demanded decreases
Quantity demanded increases
Production increases
Quality Decreases
Supply depends on the willingness and ability of...
consumers to purchase
producers to sell
donors to contribute
advertisers to promote
According to the law of supply, what happens as price increases?
The quantity supplied increases
The quantity supplied decreases
The supply curve shifts to the left
The supply curve shifts to the right
The equilibrium price is the price at which...
demand and supply curves intersect
consumers start reducing demand
producers’ total revenue is highest
neither demand nor supply will shift
In the winter marriage season, a sharp rise in the price of gold may lead to an increase in the demand for the substitute goods, _____.
Coper
Artifical Jewlery
Cloths
Iron
As price for a good or service goes up, how does that typically affect the quantity demanded?
it increases
it decreases
it does not change
As price for a good or service goes up, how does that typically affect the quantity supplied?
it increases
it decreases
it does not change
Which letter shows the area of a shortage?
A
B
C
Which letter shows the equilibrium?
A
B
C
Which letter shows the area of surplus?
A
B
C
Fundamentals give us--------
Entry and exit point of the market
Exit point of market
Entry Point of Market
Driection of market
Technicals give us ---------------------
Entry and exit point
Entry point only
Exit point only
Direction of market
We trade like ?
