
Demand
Authored by Erik Villagomez
Social Studies
12th Grade
20 Questions
Used 2+ times

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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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