
Demand Concept
Quiz
•
Social Studies
•
12th Grade
•
Medium
Obed Hernandez
Used 9+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Represents the exact quantity of a good or service that is demanded by consumers at a particular price.
Demand
Aggregate Demand
Quantity Demanded
The law of Demand
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How many determinants of demand are there?
5
2
4
3
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The Demand curve slopes
down and to the right
down and to the left
up and to the right
up and down
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Shifting the demand curve to the left indicates
increase in demand
decrease in demand
increase in quantity demanded
decrease in quantity demanded
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How will price change of a product affect that products graph?
The graph will shift to the right
The graph will shift to the left
Their will be movement along the line
none of the above
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An increase in the goods price causes a decrease in quantity demanded and a decrease in a goods price causes an increase in quantity demanded.
The law of demand
The law of supply
Quantity Demanded
Conditions of Demand
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What goes on the "X" axis of the Demand graph?
price
product
quantity demanded
change in demand
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