EASY Supply and Demand Vocabulary

EASY Supply and Demand Vocabulary

10th Grade

15 Qs

quiz-placeholder

Similar activities

Chapter 4 Cash book

Chapter 4 Cash book

10th - 11th Grade

20 Qs

Costs and Break-even Analysis

Costs and Break-even Analysis

10th - 12th Grade

20 Qs

Revenue, costs, Profit

Revenue, costs, Profit

10th - 11th Grade

10 Qs

Proses Perencanaan Produk Usaha

Proses Perencanaan Produk Usaha

9th - 12th Grade

10 Qs

SGS Business 2.3.6 The Sales Process

SGS Business 2.3.6 The Sales Process

9th - 11th Grade

15 Qs

UH 6 PENBIS BDP X MATERI BAURAN PROMOSI

UH 6 PENBIS BDP X MATERI BAURAN PROMOSI

10th Grade

15 Qs

REVISION 4 : TOPIC 3, 4, 5 & 7

REVISION 4 : TOPIC 3, 4, 5 & 7

1st Grade - University

20 Qs

EASY Supply and Demand Vocabulary

EASY Supply and Demand Vocabulary

Assessment

Quiz

Business

10th Grade

Medium

Created by

JULIE PROVINCE

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The study of how people use things they have to meet their needs and wants is called:

Economics

Sociology

Psychology

Anthropology

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the total amount of a product or service that producers are ready to sell at different prices?

Demand

Supply

Equilibrium

Price Elasticity

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the amount of a product or service that buyers want and can buy at different prices?

Demand

Supply

Equilibrium

Price

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The point where the supply of a product equals the demand for that product, leading to a stable price, is known as:

Equilibrium

Surplus

Deficit

Inflation

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A place where buyers and sellers come together to trade goods and services is called a:

market

school

hospital

library

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A situation where there is more of a product available than people want to buy, which can cause prices to go down, is called:

Inflation

Deflation

Surplus

Shortage

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A situation where there is not enough of a product available to meet what people want, which can cause prices to go up is called:

Inflation

Scarcity

Surplus

Recession

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?