Changes in Quantity Demanded

Changes in Quantity Demanded

12th Grade

10 Qs

quiz-placeholder

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Changes in Quantity Demanded

Changes in Quantity Demanded

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Dawn L Bruns

Used 81+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The law of demand states that as the price for a good or service goes up the quantity demanded will:

go up

go down

not change

go to the left

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

When the demand for a good or service is not very affected by a change in price this means the good or service is:

not real

not necessary

inelastic

elastic

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

If the price of this product is $9 what is the quantity demanded per month?

$1

$3

$5

$7

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

If the price of televisions is $5 billion what is the quantity demanded per billion?

10

20

30

35

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

The quantity demanded for soap is 15. What is the approximate price for soap?

$0

$20

$40

$60

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

This graph represents the demand for a good or service. This good or service is:

elastic

inelastic

not necessary

not real

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

This graph represents the demand for a good or service. This good or service is:

elastic

inelastic

not necessary

not real

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