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: 18372 | Last updated: Oct 28, 2024
-
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: 8120 | Last updated: Mar 21, 2023
-
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: 1242 | Last updated: Feb 6, 2024
-
Sample QuestionDemand for a commodity refers to :
You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.
Questions: 10 | Attempts: 2620 | Last updated: Mar 22, 2023
-
Sample QuestionA price floor is binding if:
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: 561 | Last updated: Mar 20, 2023
-
Sample QuestionDemand can only occur when a buyer is _________
Recent Quizzes
Explore the fundamentals of market dynamics in this engaging trivia quiz titled 'Demand and Supply for Goods and Services!' Assess your understanding of concepts like elasticity, demand curves, and the law of demand through...
Questions: 40 | Attempts: 209 | Last updated: Mar 22, 2023
-
Sample QuestionThis measures the responsiveness of a consumer's quantity demanded when price changes.
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: 1537 | Last updated: Mar 21, 2023
-
Sample QuestionA group of people buying and selling goods or services. This is the definition for:
This is a quiz that review the terms associated with Supply and Demand.
Questions: 6 | Attempts: 208 | Last updated: Mar 21, 2023
-
Sample QuestionIf a person buys the same amount of the good when income changes, the good is called a (n) ____________
This quiz is so awesome. You should take it to find out if you are dumb or not.
Questions: 10 | Attempts: 59 | Last updated: Jun 1, 2023
-
Sample QuestionWhat are you?
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: 1712 | Last updated: Mar 22, 2023
-
Sample QuestionA market is any arrangement that brings together the buyers and sellers of a particular good or service.
Advertisement