BUSINESS STUDIES

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Supply and Demand

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Aristaricus Andalo

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Froggy Jumps BUSINESS STUDIESVersión en línea Supply and Demand por Aristaricus Andalo 1 Define financial discipline a Process of control and monitor b It is the practice of making informed decisions about earning spending and saving money c Process coming up with targets 2 State one way of gathering information about the market a Surveys b feedback c information 3 Which one is a factor that affect demand for a product a Price of the product b Size c Colour 4 What happens when demand increases but supply remains constant? a Price decreases b Price increases c Quantity decreases 5 Which of the following would cause a shift in the demand curve? a Change in production technology b Change in consumer income c Change in number of suppliers 6 If the price of a substitute good rises, what happens to demand for the original good? a Demand decreases b Demand increases c Supply increases 7 What is the law of demand? a As price rises, demand rises b As supply rises, demand falls c As price rises, demand falls 8 Which factor shifts the supply curve to the right? a Increase in production costs b Improvement in technology c Higher taxes on producers 9 When supply decreases and demand remains constant, what happens? a Price falls b Price rises c Quantity supplied increases 10 What is equilibrium price? a Price at which demand is zero b Price at which supply is zero c Price where quantity demanded equals quantity supplied

Froggy Jumps

BUSINESS STUDIESVersión en línea

Supply and Demand

por Aristaricus Andalo

Define financial discipline

Process of control and monitor

It is the practice of making informed decisions about earning spending and saving money

Process coming up with targets

State one way of gathering information about the market

Surveys

feedback

information

Which one is a factor that affect demand for a product

Price of the product

Size

Colour

What happens when demand increases but supply remains constant?

Price decreases

Price increases

Quantity decreases

Which of the following would cause a shift in the demand curve?

Change in production technology

Change in consumer income

Change in number of suppliers

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

Demand decreases

Demand increases

Supply increases

What is the law of demand?

As price rises, demand rises

As supply rises, demand falls

As price rises, demand falls

Which factor shifts the supply curve to the right?

Increase in production costs

Improvement in technology

Higher taxes on producers

When supply decreases and demand remains constant, what happens?

Price falls

Price rises

Quantity supplied increases

What is equilibrium price?

Price at which demand is zero

Price at which supply is zero

Price where quantity demanded equals quantity supplied

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BUSINESS STUDIES

Froggy Jumps

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Froggy Jumps

BUSINESS STUDIESVersión en línea

por Aristaricus Andalo

Define financial discipline

State one way of gathering information about the market

Which one is a factor that affect demand for a product

What happens when demand increases but supply remains constant?

Which of the following would cause a shift in the demand curve?

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

What is the law of demand?

Which factor shifts the supply curve to the right?

When supply decreases and demand remains constant, what happens?

What is equilibrium price?

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