Demand & Supply Quizzes, Questions & Answers
Recent Demand & Supply Quizzes
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: 5653 | 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: 586 | 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: 11394 | 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: 146 | 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: 2632 | 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
For every demand there must be a supply and if the demand for a product or service exceeds the supply there is a gap in the market. The quiz below is a study test for the Ch. 3 McConnell and Brue 15 ed on individual markets....
Questions: 25 | Attempts: 1723 | Last updated: Mar 22, 2025
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Sample QuestionA market is any arrangement that brings together the buyers and sellers of a particular good or service.
This quiz covers the basics of demand & supply. All questions come from your Introduction to Demand, Introduction to Supply, and Determining Price Notes. You will have 1 minute to answer each question.
Questions: 10 | Attempts: 18739 | Last updated: Oct 22, 2025
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Sample QuestionWhich of the following is not a component of demand?
To test the knowledge of students on the topic of supply and demand.
Questions: 5 | Attempts: 1407 | Last updated: Mar 17, 2025
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Sample QuestionPrice is the determining factor of both suppy and demand?
This quiz covers fundamental economic concepts, focusing on market structures, demand relationships, and factors influencing demand curves.
Questions: 5 | Attempts: 309 | Last updated: Mar 16, 2025
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Sample QuestionA market in which there are many buyers and many sellers so that each has a negligible impact on the market.
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