Answers26-27 Small Business Entrepreneurship ASupply and Demand

Supply and Demand Answers

5 verified answers
1
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If there is great demand for a product, then production will be _____.

A
decreased
B
increased
C
the same
D
none of the above
2
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An event that could influence the change in supply and demand is a _____.

A
sale
B
natural disaster
C
new product
D
none of the above
3

Consumers buy goods or services they want or need.

A
True
B
False
4

If there is low demand for a product, then production would be _____.

A
decreased
B
increased
C
the same
D
none of the above
5

A market economy is based on personal choice.

A
False
B
True

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