Supply And Demand Quiz

 

Click on the radio button in front of the correct anwers to the questions.

1.This refers to how many of a certain good or service are available for people to purchase.

supply demand price

2. This means how many people wish to buy that good or service.

supply demand price

3. Usually as prices rise, the supply or amount of a product increases and as prices fall, the supply decreases as more people can afford the product.

True False

4. Which of these probably has the least affect how well a product sells?

The quality of the product - how good it is.

How well it is advertised.

Where the employees went to school.

 

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