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ECON Review - DEMAND - Unit 3 Sections 1-3

Authored by Lynna Landry

Social Studies

12th Grade

Used 16+ times

ECON Review - DEMAND - Unit 3 Sections 1-3
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42 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Listing that shows the quantity demanded at all possible prices at a given time

Demand Schedule
Demand Curve
Supply Schedule
Supply Curve

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The desire, ability, and willingness to buy a product

Demand
Supply
Quantity Demanded
Quantity Supplied

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Products that tend to be used together

Elastic
Inelastic
Complements
Substitutes

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Products that can be used in place of other products

Elastic
Inelastic
Complements
Substitutes

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The diagram represents a

increase in demand
decrease in demand
change in quantity demand
none of the above

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Consider the market for SUVs. If the price of gasoline increases then the Demand for these vehicles will

increase
decrease
not be affected

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The law of demand helps explain why people buy more when the price decreases.

True
False

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