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Supply And Demand Quizzes & Trivia

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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: 15984   |  Last updated: Mar 22, 2022
  • Sample Question
    Which of the following is not a component of demand?
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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: 6055   |  Last updated: Mar 21, 2022
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    A group of people buying and selling goods or services. This is the definition for:
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You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.

Questions: 10  |  Attempts: 2036   |  Last updated: Mar 22, 2022
  • Sample Question
    A price floor is binding if:
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Questions: 100  |  Attempts: 724   |  Last updated: Mar 21, 2022
  • Sample Question
    Demand for a commodity refers to :
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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: 1457   |  Last updated: Mar 22, 2022
  • Sample Question
    A market is any arrangement that brings together the buyers and sellers of a particular good or service.
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