Learning Task 18. Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1 place where you can purchase goods and services is called ___________. A. market B. bus station C. Household D. Community
2. It is the quantity of a goods that consumers are willing and able to

purchase at various prices during a given period

A. supply

B. consumer

C. demand

D. retailer

3. In purchasing products, it is important to have enough __________ for the

needs of the costumers.

A. demand

B. supply

C. demand and supply

D. costumers

4. It is the amount of goods and services that all consumers are willing and

able to purchase at a specific price in a marketplace.

A. retailer

B. marketplace

C. Market demand

D.

wholesaler

5. In a business, ___________ is the one who buys products from the

wholesaler and sells them direct to the customers?

A. retailer

B. manufacturer

C. Users

D. Buyers

6.The person or group of persons who purchase goods and services in

exchange of money is called_______.

A. retailer

B. wholesaler

C. consumer D. manager

7. An item that a consumer can avail from the retailer in a marketplace.

A. product

B. money

C. purchase D. individual

8. The process of giving the product/products the costumer want/s to

purhase from the retailer is called __________.

A. buying

B. selling

C. consuming D. Manufacturing

9. Southville 4 community is located near Laguna de Bay. Considering its

location, which product is expected to be always available in the

community’s market at low cost?

A. vegetables

B. fish

C. chicken

D. Pork/beef

10.It means that the quantity of a good supplies rises as the market price

rises and falls as the price falls. Which is being referred to?

A. Law of supply

C. Law of motion

B. Law of demand

D. Law of supply and demand​