Supply and Demand
DRAFT
K - University grade
3308 times
Other Sciences
78%
average accuracy
4 years ago
elmoldenhauer
4
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Supply and Demand
DRAFT
4 years ago
by
elmoldenhauer
Played 3308 times
4
K - University grade
Other Sciences
78% average accuracy
4
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10 Questions
Show answers
Question 1
SURVEY
30 seconds
Q. When the supply of a product or service goes up and the demand stays the same the Price will typically do what?
answer choices
rise
fall
stay the same
Consumer
Question 2
SURVEY
30 seconds
Q. When the demand for a product or service is higher than the supply this causes what?
answer choices
shortage
consumer
surplus
equilibrium
Question 3
SURVEY
30 seconds
Q. Factors that cause the supply or demand to change are called?
answer choices
equilibrium
shifter
demand
producer
Question 4
SURVEY
30 seconds
Q. a person or company that makes, grows, or supplies goods to sell is called the?
answer choices
damand
price
producer
shortage
Question 5
SURVEY
30 seconds
Q. The desire or willingness a consumer has to purchase a good or a service is called?
answer choices
shortage
supply
price
demand
Question 6
SURVEY
30 seconds
Q. The amount of goods or services available is called?
answer choices
supply
demand
producer
consumer
Question 7
SURVEY
30 seconds
Q. An individual or group who purchases goods.
answer choices
producer
consumer
goods
services
Question 8
SURVEY
30 seconds
Q. The point where supply and demand are balanced is?
answer choices
product
demand
surplus
equilibrium
Question 9
SURVEY
30 seconds
Q. When there is a shortage the price will usually?
answer choices
rise
fall
remain the same
equilibrium
Question 10
SURVEY
30 seconds
Q. In economics these concepts are called?
answer choices
rise and fall
supply & demand
customers and products
surplus and shortage
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