Supply And Demand Quizzes, Questions & Answers
Top Trending Quizzes
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: 18432 | Last updated: Oct 28, 2024
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Sample QuestionWhich of the following is not a component of demand?
Supply and demand affects the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. This is the major market driver and hence necessary to know about.
Questions: 10 | Attempts: 8164 | Last updated: Mar 21, 2023
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Sample QuestionA group of people buying and selling goods or services. This is the definition for:
Explore the fundamentals of market behavior with this quiz on the Theory of Demand and Supply. Cover key concepts such as the law of demand, price elasticity, and market substitutes to enhance your understanding of economic...
Questions: 100 | Attempts: 1256 | Last updated: Feb 6, 2024
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Sample QuestionDemand for a commodity refers to :
The 'Supply and Demand Quiz' tests understanding of basic economic principles such as markets, demand, supply, and price mechanisms. It assesses the ability to identify and explain fundamental concepts that drive economic...
Questions: 10 | Attempts: 1557 | Last updated: Mar 21, 2023
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Sample QuestionA group of people buying and selling goods or services. This is the definition for:
You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.
Questions: 10 | Attempts: 2628 | Last updated: Mar 22, 2023
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Sample QuestionA price floor is binding if:
Recent Quizzes
Do you understand the law of supply well? With this law of supply quiz, you can see how updated your knowledge is. The law of supply is about the fundamental principle of economic theory. It states there is a direct relationship...
Questions: 10 | Attempts: 112 | Last updated: Nov 17, 2023
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Sample QuestionWhat does the 'Law of Supply' state?
This quiz assesses your knowledge over supply and demand, role of prices, shifts in market equilibrium, and the reasons for those shifts. Using notes will lower the highest possible grade to a B.
Questions: 40 | Attempts: 203 | Last updated: Mar 18, 2023
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Sample QuestionPoint at which quantity demanded equals the same amount as quantity supplied is called:
This is a quiz that review the terms associated with Supply and Demand.
Questions: 6 | Attempts: 209 | Last updated: Mar 21, 2023
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Sample QuestionIf a person buys the same amount of the good when income changes, the good is called a (n) ____________
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