Demand and Price Elasticity

Demand and Price Elasticity

10th - 12th Grade

16 Qs

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Demand and Price Elasticity

Demand and Price Elasticity

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Created by

E Meka

Used 1K+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A complement example would be all except
butter and margarine 
peanut-butter and jelly
flashlight and batteries 
cameras and film 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When replacing a certain item with with a less costly item is an example of
the substitution effect 
the income effect 
demand elasticity 
complements 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buying one ice-cream instead of two at lunch describes what concept 
marginal utility 
diminishing marginal utility
demand
consumerism 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in the number of consumers can cause 
the demand curve to shift left
the demand curve to shift right 
the demand curve to shift up
diminishing returns 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when consumers have a need for a product that is urgent 
the demand curve is inelastic 
the demand curve is elastic 
the demand curve is complementary 
the demand curve is unit demand 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Area of economics that deals with behaviors and decision making of units 
Microeconomics 
demand curve 
demand 
marginal utility 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A graph showing the quantity demanded 
demand curve
marginal utility 
demand 

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