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LAW OF DEMAND AND SUPPLY QUIZ

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LAW OF DEMAND AND SUPPLY QUIZ

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ASSESSMENT

Created by

MELODIE TABAQUERO
MELODIE TABAQUERO
Philippines

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LAW OF DEMAND AND SUPPLY QUIZ
 

LAW OF DEMAND AND SUPPLY QUIZOnline version

ASSESSMENT

by MELODIE TABAQUERO
1

The ______________________ explain the interaction between the sellers of a resource and the buyers for that resource.

Written answer

2

The __________________ states that, higher the price, the higher the quantity supplied.

Written answer

3

A movement refers to a change along the ___________.

Written answer

4

A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remain______________________.

Written answer

5

The_______________________states that ―the higher the price, the lower the quantity demanded

Written answer
 
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