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Supply & demand quiz
Five questions on Supply & demand. Answer all 5 to see your score. Questions are drawn from a bank of 15, so every attempt is different.
Question 1 of 5
Scarcity means:
Question 2 of 5
The opportunity cost of a choice is:
Question 3 of 5
A point inside the production possibilities frontier shows:
Question 4 of 5
Which is a normative statement?
Question 5 of 5
According to the law of demand, when price rises: