Changes in Demand

Changes in Demand

12th Grade

10 Qs

quiz-placeholder

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Changes in Demand

Changes in Demand

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Gilbert Velasquez

Used 98+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following will cause an increase in demand for snowboards?

More costly production methods 
A decrease in the price of lift tickets at resorts in Colorado 
A decrease in consumer income   
A decrease in the population 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Americans revive their love of SUV’s and the newly remodeled, but still “gas guzzling” Hummer. What happens to the market for gasoline?

Demand for gasoline will decrease

Demand for gasoline will increase

Demand for gasoline will stay the same

Demand for insurance agents will decrease

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Due to a disappointing economy, Americans are cutting back on the family vacation road trips. What happens to the market for gasoline?

Demand for gasoline will decrease

Demand for gasoline will increase

Demand for gasoline will stay the same

The demand for airline tickets will increase

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand means

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

is the amount of a good or service produced.

is the price that is demanded by consumers.

None of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

increase

decrease

stay the same

who knows

6.

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does this downward sloping curve represent?

supply

equilibrium

demand

surplus

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