Economics: Chapter 4 Review- Demand

Economics: Chapter 4 Review- Demand

11th - 12th Grade

29 Qs

quiz-placeholder

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Economics: Chapter 4 Review- Demand

Economics: Chapter 4 Review- Demand

Assessment

Quiz

Specialty

11th - 12th Grade

Practice Problem

Medium

Created by

Deda Rush

Used 76+ times

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally speaking, the lower the price, the greater the quantity demanded.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer wants are the same as consumer demand.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The demand curve slopes upward, indicating that price and quantity are positively correlated.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand is elastic if it is greater than 1.0.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual point on a demand curve shows the quantity demanded at a particular price.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When two goods are complements, a decrease in the price of one shifts the demand for the other leftward.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost of time is constant among all consumers.

True
False

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