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The Theory of Demand and Supply Quiz

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Questions and Answers

What is the theory that explains the relationship between demand and supply?

Theory of gravity

Theory of evolution

Theory of relativity

Theory of demand and supply (correct)

What happens when demand exceeds supply?

Prices become unpredictable

Prices decrease

Prices increase (correct)

Prices remain the same

What does the theory of demand and supply describe?

The relationship between price and quantity supplied

The relationship between price and production costs

The relationship between price and quantity demanded (correct)

The relationship between price and consumer preferences

The Theory of Demand and Supply Quiz

Choose a study mode

Podcast

Questions and Answers

What is the theory that explains the relationship between demand and supply?

What happens when demand exceeds supply?

What does the theory of demand and supply describe?

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Supply and Demand Theory Quiz

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