Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take mock test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define supply.
💡 Hint: Think about the willingness to sell at different prices.
Question 2
Easy
What does the Law of Demand state?
💡 Hint: Remember how consumers react to price changes.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the Law of Supply?
- Supply decreases as price increases
- Supply increases as price increases
- Supply remains the same as price increases
💡 Hint: Recall how producers react to pricing changes.
Question 2
True or False: A surplus occurs when demand exceeds supply.
- True
- False
💡 Hint: Think of how sales change based on inventory levels.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze how a sudden increase in consumer income affects the demand curve for luxury goods. What would happen to the equilibrium price?
💡 Hint: Consider how consumers shop differently when they can afford more.
Question 2
Consider a new technology that reduces production costs for cars. Describe the likely changes to the supply curve and market equilibrium.
💡 Hint: Think about how cheaper production affects what places like dealerships can offer.
Challenge and get performance evaluation