
Supply and Demand Concepts-PJA

Quiz
•
Professional Development
•
Professional Development
•
Hard
Phil Arnold
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply in the context of economics?
The total amount of a specific good or service that is available to consumers.
The desire of consumers to purchase goods and services.
The cost of producing a good or service.
The government regulation of goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the MCP in economics?
Marginal Cost Pricing
Market Clearing Price
Monetary Control Policy
Marginal Consumer Price
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: A rise in demand causes the price and the supply to ____.
increase
decrease
remain the same
fluctuate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an incentive for buyers according to the passage?
Discounts
Free shipping
Loyalty points
Cashback offers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumers buy substitute products because:
they are cheaper.
they are of higher quality.
they are more convenient.
they are more popular.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
Buying a book
Watching a movie
Babysitting
Purchasing a computer
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Markets always hold still according to the passage.
True
False
Create a free account and access millions of resources
Similar Resources on Wayground
12 questions
Logisticsb2u8

Quiz
•
Professional Development
15 questions
AWS Discovery Day (TMU)

Quiz
•
Professional Development
12 questions
Bid and Tender Management

Quiz
•
Professional Development
18 questions
INTERNATIONAL FUEL GAS CODES (part 1)

Quiz
•
Professional Development
10 questions
[SET 3] Module 5

Quiz
•
Professional Development
11 questions
Induction 2

Quiz
•
Professional Development
10 questions
PRODUCTIVITY

Quiz
•
Professional Development
10 questions
Workshop Demand Management

Quiz
•
Professional Development
Popular Resources on Wayground
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
9/11 Experience and Reflections

Interactive video
•
10th - 12th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
11 questions
All about me

Quiz
•
Professional Development
22 questions
Adding Integers

Quiz
•
6th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
9 questions
Tips & Tricks

Lesson
•
6th - 8th Grade