Changes in Quantity Demanded
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Dawn L Bruns
Used 79+ times
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10 questions
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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
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
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
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
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
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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