Supply and Demand
Authored by Andrea Gratton
Social Studies, Business
5th - 8th Grade
Used 90+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of money that it takes to provide or produce a good or service
price
cost
supply
deficit
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A situation in which the supply of a product/service is less than the demand of that product/service
defecit
demand
good
surplus
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of a good or service that is wanted or desired
cost
defecit
demand
supply
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A physical item that is produced and purchased
demand
surplus
supply
good
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of money charged in order to purchase a good or service
cost
demand
service
price
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Work that is performed in exchange for money
demand
service
surplus
supply
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of a good or service that is available
cost
supply
surplus
demand
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