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Supply And Demand Quizzes, Questions & Answers

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Top Trending Supply And Demand Quizzes


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: 8179   |  Last updated: Mar 21, 2023
  • Sample Question
    A group of people buying and selling goods or services. This is the definition for:
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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: 1561   |  Last updated: Mar 21, 2023
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    A group of people buying and selling goods or services. This is the definition for:
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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: 120   |  Last updated: Nov 16, 2023
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    What does the 'Law of Supply' state?
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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: 206   |  Last updated: Mar 18, 2023
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    Point at which quantity demanded equals the same amount as quantity supplied is called:
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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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    If a person buys the same amount of the good when income changes, the good is called a (n) ____________ 
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