Jeopardy Question Preview (ID: 16962)
Test.
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define supply curve
a) illustrates the relationship between the price of the product and the quantity businesses will supply
b) wrong answer
c) wrong answer
d) wrong answer
what is market price
a) the point where supply and demand are equal
b) wrong answer
c) wrong answer
d) wrong answer
what are the factors to determine a price
a) relationship between supply and demand
b) relationship between services and goods
c) net worth
d) interest
define competitors
a) businesses offering very similar products to the same customers.
b) sharing customer
c) natural resource
d) shower
define demand
a) quantity of one good or service
b) quality of the products
c) benefits of products
d) cons of products
define supply
a) quantity of a good or service that businesses are willing and allow to provide
b) quality of a products
c) product
d) quality of job
how many vocab words are in this section
a) 1
b) 3
c) 5
d) 7
which isn't a vocab word
a) gross
b) wrong answer
c) wrong answer
d) wrong answer
define consumer
a) a person who make goods
b) a person who sells goods
c) a person who buys goods and services
d) a person who sells services
define producer
a) organizations that determine prices of a product
b) lower price
c) higher prices
d) products
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