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Changes in Demand and Supply Quiz

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Test your knowledge on changes in demand and supply with this quiz game!

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United Arab Emirates

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Changes in Demand and Supply QuizVersion en ligne

Test your knowledge on changes in demand and supply with this quiz game!

par sarah ayyad
1

What is the term used to describe a situation where the quantity supplied exceeds the quantity demanded?

2

What is the term used to describe a situation where the quantity demanded exceeds the quantity supplied?

3

What determines the price of a good or service in a market?

4

What is the term used to describe the amount of a good or service that producers are willing and able to sell at a given price?

5

What is the term used to describe the amount of a good or service that consumers are willing and able to buy at a given price?

6

What happens to prices when there is a shortage of a good or service?

7

What happens to prices when there is a surplus of a good or service?

8

What happens to supply when prices increase?

9

What happens to demand when prices decrease?

10

What is the term used to describe the relationship between the price of a good or service and the quantity demanded?

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