Supply And Demand Quizzes, Questions & Answers
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This quiz covers the basics of demand & supply. All questions come from your Introduction to Demand, Introduction to Supply, and Determining Price Notes. You will have 1 minute to answer each question.
Questions: 10 | Attempts: 18333 | Last updated: Oct 28, 2024
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Sample QuestionWhich of the following is not a component of demand?
Supply and demand affects the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. This is the major market driver and hence necessary to know about.
Questions: 10 | Attempts: 8092 | Last updated: Mar 21, 2023
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Sample QuestionA group of people buying and selling goods or services. This is the definition for:
Questions: 100 | Attempts: 1232 | Last updated: Feb 6, 2024
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Sample QuestionDemand for a commodity refers to :
Questions: 48 | Attempts: 556 | Last updated: Mar 20, 2023
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Sample QuestionDemand can only occur when a buyer is _________
You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.
Questions: 10 | Attempts: 2601 | Last updated: Mar 22, 2023
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Sample QuestionA price floor is binding if:
Recent Quizzes
Questions: 40 | Attempts: 209 | Last updated: Mar 22, 2023
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Sample QuestionThis measures the responsiveness of a consumer's quantity demanded when price changes.
Questions: 10 | Attempts: 1534 | Last updated: Mar 21, 2023