Economics - Supply & Demand

5 Questions | Total Attempts: 75

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Economics Quizzes & Trivia

Questions and Answers
  • 1. 
    Categorize the following questions on this quiz as affecting mostly Supply, Demand , or Both. Equilibrium Point..
    • A. 

      Demand

    • B. 

      Supply

    • C. 

      Both

  • 2. 
    How much of a good or service there is.
    • A. 

      Demand

    • B. 

      Supply

    • C. 

      Both

  • 3. 
    How much consumers want a good or a service.
    • A. 

      Demand

    • B. 

      Supply

    • C. 

      Both

  • 4. 
    Decreases when a product becomes more expensive.
    • A. 

      Demand

    • B. 

      Supply

    • C. 

      Both

  • 5. 
    Increases when a producer thinks a lot of something will sell at a high price.
    • A. 

      Demand

    • B. 

      Supply

    • C. 

      Both

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