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Supply & Demand Fundamentals Quiz

Froggy Jumps

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About this activity

Test your understanding of supply and demand.

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Philippines

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Supply & Demand Fundamentals Quiz
 

Froggy Jumps

Supply & Demand Fundamentals QuizOnline version

Test your understanding of supply and demand.

by Seclot Angie
1

What does demand mean in economics?

2

What does demand mean in economics?

3

What happens to quantity demanded if price rises (ceteris paribus)?

4

What is supply in economics?

5

What does the Law of Supply state?

6

When does a market reach equilibrium?

7

What can shift the demand curve?

8

What can shift the supply curve?

9

If the price of a substitute rises, what happens to the demand for the other good?

10

A surplus occurs when?

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