Demand

Demand

12th Grade

20 Qs

quiz-placeholder

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Demand

Demand

Assessment

Quiz

Created by

Erik Villagomez

Social Studies

12th Grade

2 plays

Medium

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers are

People that sell goods and services

People that buy goods and services

People that consume food

None of the above

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Demand means

the amount of a good or service that consumers are willing to buy.

is the amount of a good or service produced.

is the price that is demanded by consumers.

None of the above.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does the law of demand say

consumers will buy less of something when price goes down.

consumers will buy more of something when price increases.

consumers will buy more of something when prices go down.

None of the above.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the price of a good or service increases what will happen to the demand for it?

increase

decrease

stay the same

who knows

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A factor that can change the amount demanded for a good would be

Income

Population

Tastes

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a good becomes popular or fashionable, what will happen with the demand for the good?

Decrease

Stay the same

Increase

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When it comes to substitute goods; if the price of sprite increases, what will happen with the demand for a substitute good such as 7-up?

Increase

Decrease

Stay the same

None of the above

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