4 & 5 Demand and Supply

4 & 5 Demand and Supply

12th Grade

20 Qs

quiz-placeholder

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4 & 5 Demand and Supply

4 & 5 Demand and Supply

Assessment

Quiz

Business

12th Grade

Medium

Created by

Stuart Burgess

Used 228+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does this curve represent?

Supply

Demand

Equillibrium

Quantity

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What does this curve represent?

Demand

Supply

Equilibrium

Shortage

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the price of printers goes down, what happens in the market for ink cartridges?
Supply increases.
Supply decreases.
Demand increases.
Demand decreases

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following is a factor that will not cause the demand curve to shift:
Advertising
Population
Price
Consumer expectations

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A change in quantity demanded is shown...

at various points on the demand curve

with a new demand curve drawn above or below the original demand curve

with a vertical line

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

what is the name of the table that lists the quantity of a good that a single person will buy at each price in a market?

demand schedule

market map

elasticity chart

supply and demand graph

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In economics, the term demand refers to the quantity of a good that people ...

will buy at one particular price over a long time period

would like to consume on a given date

will buy at many different prices at a particular time

would like to have available during a given time period

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