Supply and Demand

Supply and Demand

9th - 12th Grade

25 Qs

quiz-placeholder

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies, Other, Business

9th - 12th Grade

Practice Problem

Easy

Created by

Geoffrey Bishop

Used 75+ times

FREE Resource

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the supply of a product or service goes up and the demand stays the same the Price will typically do what?

Rise

Stay the same

Consumer Riot

Fall

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or company that makes, grows, or supplies goods to sell is called the?

Consumer

Producer

Buyer

Decider

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire or willingness a consumer has to purchase a good or a service is called?

Supply

Shortage

Price

Demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of goods or services available is called?

Supply

Demand

Consumerism

Shortage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual or group who purchases goods.

Supplier

Producer

Consumer

Goods and Services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The point where supply and demand are balanced is?

Surplus

Shortage

Equilibrium

Demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The amount of goods or services available is called?

supply
demand
producer
consumer

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