Guinn Unit 2 Econ Review RV

Guinn Unit 2 Econ Review RV

12th Grade

24 Qs

quiz-placeholder

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Guinn Unit 2 Econ Review RV

Guinn Unit 2 Econ Review RV

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Ray Verbano

Used 1+ times

FREE Resource

24 questions

Show all answers

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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