Unit Test — Unit test Answers

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Which best describes a reason that consumer demand can change?

A
loss of income
B
loss of supply
C
distribution problems
D
market problems
23

demandsupplyquantityproduction

A
demand
B
supply
C
quantity
D
production
24

In the market, actions known as incentives affect

A
producers only.
B
consumers only.
C
consumers or producers.
D
neither consumers nor producers.
25

The study of the interaction between individuals and businesses is known as

A
the law of supply.
B
macroeconomics.
C
microeconomics.
D
elasticity.

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