Question 1
What term describes consumers' willingness and ability to buy a product at a given price?
- Demand
- Supply
- Revenue
- Inflation
Show the answer
Demand
Business · Economics
Supply & Demand trivia quiz
How well do you really know Supply & Demand? Find out in a live duel. QuizDown has over 120 Supply & Demand questions, from easy to expert, and you’re matched with a real player who gets the same seven.
What the Supply & Demand questions cover
- Elasticity
- Demand Theory
- Tax Incidence
- Consumer Choice
- Cross Elasticity
- Equilibrium
- Price Ceiling
- Price Controls
- Price Floor
- Complements
- Consumer Surplus
- Demand Curve
Try three Supply & Demand questions
Question 2
What term describes the amount of a good that producers are willing and able to sell at a given price?
- Demand
- Supply
- Subsidy
- Profit
Show the answer
Supply
Question 3
What is the name for the price at which the quantity buyers want matches the quantity sellers offer?
- Ceiling price
- Wholesale price
- Equilibrium price
- Floor price
Show the answer
Equilibrium price
In a real match you’d have ten seconds for each, and faster right answers score more.
How a Supply & Demand match works
- Seven rounds. The same seven Supply & Demand questions for you and your opponent.
- Ten seconds each. A right answer in two seconds scores 20; at the buzzer, 11.
- The last round counts double. It’s never over until it’s over.
Your Supply & Demand ranking is its own: climb it without your other topics dragging you down.