12th Grade Demand & Supply Quizzes, Questions & Answers
Recent Demand & Supply Quizzes
Quiz for slavin chapters 1-4. something to prepare me for my exam.
Questions: 43 | Attempts: 784 | Last updated: Mar 22, 2025
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Sample QuestionWhy is savings good for the economy?
Choose the BEST answer. Read the explanation if there is.
Questions: 22 | Attempts: 269 | Last updated: Mar 21, 2025
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Sample QuestionTwo roles of economists: as policy advisors, they develop and test their theories to explain the world around them. As policy advisers, they use their theoires to help change the world for the better.
Financial investment quiz trivia test. There are a lot of things that people consider before starting a business with the main one being the ability to fill an existing gap in the market. This means a company has the ability to...
Questions: 12 | Attempts: 116 | Last updated: Mar 20, 2025
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Sample QuestionWhich of the following can shift the labor demand curve to the right?
There are a lot of factors that affect the economy as it is and one of the major ones is demand, supply, and government policies that affect the industries in existence or block others from existing. What do you know about these...
Questions: 34 | Attempts: 1709 | Last updated: Mar 22, 2025
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Sample QuestionIf the equlibrium price of gasoline is $1.00 per gallon and the government places a price ceiling on gasoline of $1.50 per gallon, the result will be a shortage of gasoline
In the study of business and microeconomics, you’ll come across the terms “supply and demand” fairly often. It’s the concept by which we judge how much of a particular good or service the market can...
Questions: 35 | Attempts: 5658 | Last updated: Oct 12, 2025
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Sample QuestionA perfectly competitive market consists of products that are all slightly different from one another
This Unit 2 Test explores key concepts of supply, demand, and competition in economics. It assesses understanding of market dynamics, factors influencing demand, and the role of competition in pricing. Essential for students of...
Questions: 48 | Attempts: 592 | Last updated: Mar 20, 2025
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Sample QuestionDemand can only occur when a buyer is _________
Microeconomics is a division of economics that studies individuals' and firms' behavior in making decisions regarding the distribution of scarce resources and the interactions among these entities and corporations. The...
Questions: 10 | Attempts: 11404 | Last updated: Mar 21, 2025
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Sample QuestionIf the demand curve for good X is downward-sloping, an increase in the price will result in
Welcome one, welcome all to the ultimate test in microeconomics – the study that talks economics, which looks at the production, distribution and consumption of goods and services, and fine-tunes it so that we can look at...
Questions: 19 | Attempts: 149 | Last updated: Mar 16, 2025
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Sample QuestionDemand Curve is?
You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.
Questions: 10 | Attempts: 2638 | Last updated: Mar 22, 2025
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Sample QuestionA price floor is binding if:
Are you ready for this FSOT practice quiz on economics? This quiz may be of assistance. You will be responsible for grasping the supply/demand economic theory. Who is South America’s only OPEC member, what is the...
Questions: 75 | Attempts: 1241 | Last updated: Mar 21, 2025
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Sample QuestionBased on supply/demand economic theory, price controls on the supply of wheat during a famine would result in
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