Supply & Demand Pre-test

4 Questions | Total Attempts: 830

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Supply And Demand Quizzes & Trivia

Take this quiz to see how much you know before beginning your lesson on supply and demand. Once you have finished the quiz, you may move on to the lesson.


Questions and Answers
  • 1. 
    What is supply?
    • A. 

      Supply refers to how many goods you have to sell

    • B. 

      Supply refers to how many goods you have to buy

    • C. 

      Supply refers to how much something costs

    • D. 

      Supply refers to how much someone spends

  • 2. 
    If you increase the price of your good, what will usually happen to demand?
    • A. 

      Demand goes up

    • B. 

      Demand goes down

    • C. 

      Demand stays equal

  • 3. 
    If demand is high, how will supply be affected?
    • A. 

      Supply will stay the same

    • B. 

      Supply will go up

    • C. 

      Supply will go down

  • 4. 
    If Nike started selling new shoes, and people around the world wanted to buy a pair, would Nike set the price high or low?
    • A. 

      High

    • B. 

      Low