DEFINITION OF DEMAND is ......
Chapter 2 DEMAND, SUPPLY, PRICING AND MARKET EQUILIBRIUM

Quiz
•
Business
•
12th Grade
•
Medium
Nattida In-asa
Used 15+ times
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
DEFINITION OF SUPPLY is ........
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is the Law of DEMAND?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is the Law of SUPPLY?
As the price of a good or service increases, the quantity supplied by producers increases.
As the price of a good or service increases, the quantity supplied by producers decreases.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
DEFINITION OF PRICING is .........
The amount of money that has to be paid to acquire
a given product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Point at which the quantity demanded equals the quantity supplied
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does this curve represent?
pricing
supply
equilibrium
demand
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