Supply And Demand Question Preview (ID: 16972)
Review For First Semester Final.
TEACHERS: click here for quick copy question ID numbers.
A person who buys and uses goods and services
a) Trader
b) Buyer
c) Consumer
d) Producer
An example of a producer is a(n)
a) Farmer
b) Construction worker
c) Plumber
d) Beautician
the quantity of a good or service that CONSUMERS are willing and able to buy.
a) Supply
b) Profit
c) Demand
d) increasing
the quantity of a good or service that BUSINESSES are willing and able to provide
a) Demand
b) Supply
c) merchandise
d) Christmas items
Businesses offering very similar products to the same customers
a) Rivals
b) Wannabes
c) Brand partners
d) competitors
Factors influencing demand are
a) uniqueness of the product
b) weather
c) quality
d) All of the above
The point where supply and demand are equal
a) market price
b) equilibrium
c) perfection
d) goal
As competition increases, prices
a) usually increase as well
b) are not affected so usually will not change
c) will decrease
d) There is no way to predict what will happen to prices due to competition
_________________ pay close attention to the needs and activities of consumers.
a) Suppliers
b) Extractors
c) Controllers
d) producers
Consumers are made up of.....
a) individuals
b) businesses
c) government
d) All of the above
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 16972 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 16972 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register