Demand

Demand

11th - 12th Grade

45 Qs

quiz-placeholder

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Demand

Demand

Assessment

Quiz

History

11th - 12th Grade

Medium

Created by

Ryan Kipar

Used 13+ times

FREE Resource

45 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

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand is elastic if it is greater than 1.0.
True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As money income increases, what happens to the demand for inferior goods?
it increases
it stays the same
it decreases
it is eliminated

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the reasons consumers choose substitutes is that 
no one can tell the difference.
they are relatively cheaper.
they are made in Japan.
they are the same price and there are more of them.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If suddenly, a large population increase occurred, what impact would it have on the housing market?
prices would remain constant.
There would be a surplus of homes on the market.
It would shift the demand curve to the left.
It would shift the demand curve to the right.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The downward slope of a demand curve reflects the fact that, other things constant, price and quantity demanded are
negatively related
positively related
elastic
inelastic

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