
Guinn Unit 2 Econ Review RV
Authored by Ray Verbano
Social Studies
12th Grade
Used 1+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in demand causes the demand curve to shift
to the left
to the right
does not shift
downward
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a cause of a change in supply
Price change
Government regulations
Producer expectations
Technology
Number of sellers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a cause of a change in supply?
Taxes
Input costs
Productivity
Subsidies
Change in company's Board of Directors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When amount demanded is greater than the amount supplied creates a
surplus
shortage
price cut
decrease in tax revenue
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between "change in demand" and "change in quantity demanded"?
Change in demand is only caused by labor shortage
Change in Quantity demanded is only caused by price change
Change in quantity demanded is only caused by government regulations
Change in demand is only caused by tax increases
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Pick the causes for a change in demand
Preference of consumers
Income of consumer
Number of buyers
Expectations of consumers
Related goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Law of demand states
Consumers buy less when price goes down and vice-versa
Consumers buy more when price goes down and vice-versa
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