Test your knowledge of supply and demand with the help of our engaging quiz.

The amount of a good or service that consumers are willing and able to buy at a certain price is called...

What do you call things that incite or motivate someone to make a choice?

What is given up when a choice is made; the next highest valued alternative is called...

The amount of a good or service that producers are willing and able to sell at a certain price is called...

The term for the combination of resources to make goods or provide services is 

The inability to satisfy all wants at the same time because resources and goods are limited is called...

Selecting an item or action from a set of possible alternatives is called making a...

The factors of production that are used in the production of goods &amp; services. Types include capital, human, natural, and entrepreneurship. 

The amount of money exchanged for a good or service.

_______________________ is the point where supply and demand meet. Everyone who wants to sell at that price can sell. Everyone who wants to buy at that price can buy.

Consumption is using goods and services.  Consumer preferences and ____________ determines what is produced and consumed

Review of Supply and Demand

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Review of Supply and Demand

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