Supply And Demand Quizzes & Trivia
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: 1750 | Last updated: Jan 4, 2013
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: 809 | Last updated: Aug 26, 2019
Sample QuestionPrice is the determining factor of both suppy and demand?
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: 743 | Last updated: Dec 10, 2018
Sample QuestionA market is any arrangement that brings together the buyers and sellers of a particular good or service.
You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.
Questions: 10 | Attempts: 412 | Last updated: Jan 7, 2013
Sample QuestionA price floor is binding if:
Questions: 25 | Attempts: 279 | Last updated: Jan 17, 2013
Sample QuestionWhat is the definition of "Aggregate Demand"?
Which of the following is not a component of demand?
The correct answer is option B. Surplus occurs for a consumer when the difference in the price a consumer set aside or is willing to pay for a particular commodity is higher than the actual price of that commodity. It also occur for a producer when
What does the law of demand state?
Less will be demanded, the question doesn't make sense (needs multiple answers).
What is the definition of aggregate demand?
3. The level of demand for all goods and services during a given period of time
When there is a shortage what should be done?More
In order to maintain profits the price will need to be increased.
Take this quiz to see how much you know before beginning your lesson on supply and demand. Once you have finished the quiz, you may move on to the lesson.
Questions: 4 | Attempts: 145 | Last updated: Jan 10, 2013
Sample QuestionWhat is supply?
Questions: 10 | Attempts: 115 | Last updated: Jan 30, 2013
Sample QuestionA group of people buying and selling goods or services. This is the definition for:
Questions: 100 | Attempts: 73 | Last updated: Feb 14, 2013
Sample QuestionDemand for a commodity refers to :
Questions: 40 | Attempts: 53 | Last updated: Dec 9, 2019
Sample QuestionThis measures the responsiveness of a consumer's quantity demanded when price changes.
This is a quiz that review the terms associated with Supply and Demand.
Questions: 6 | Attempts: 32 | Last updated: Jan 30, 2013
Sample QuestionIf a person buys the same amount of the good when income changes, the good is called a (n) ____________
Questions: 5 | Attempts: 28 | Last updated: Jul 30, 2011
Sample QuestionWillingness of buying something is called effective demand.
This quiz is so awesome. You should take it to find out if you are dumb or not.
Questions: 10 | Attempts: 21 | Last updated: Jan 15, 2013
Sample QuestionWhat are you?
Questions: 48 | Attempts: 17 | Last updated: Jul 30, 2011
Sample QuestionDemand can only occur when a buyer is _________
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Questions: 15 | Attempts: 11 | Last updated: Jan 28, 2013
Sample QuestionWhat SOP process uses aggregation and disaggregation methods?