Froggy Jumps 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? a Surplus b Shortage c Prices 2 What is the term used to describe a situation where the quantity demanded exceeds the quantity supplied? a Surplus b Supply c Shortage 3 What determines the price of a good or service in a market? a Supply and demand b Shortage c Surplus 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? a Prices b Demand c Supply 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? a Supply b Prices c Demand 6 What happens to prices when there is a shortage of a good or service? a Prices increase b Prices remain the same c Prices decrease 7 What happens to prices when there is a surplus of a good or service? a Prices increase b Prices remain the same c Prices decrease 8 What happens to supply when prices increase? a Supply decreases b Supply remains the same c Supply increases 9 What happens to demand when prices decrease? a Demand decreases b Demand remains the same c Demand increases 10 What is the term used to describe the relationship between the price of a good or service and the quantity demanded? a Supply curve b Price curve c Demand curve
Créer jeu