
Quiz #6 - Intro to Demand
Quiz
•
Social Studies
•
10th - 12th Grade
•
Medium
Robert Gray
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of a good or service that a consumer is willing and able to buy at various prices
Quantity Supplied
Demand
Supply
Shortage
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The law of demand states that, the higher the price of a good, the less people will demand that good
True
False
None of the above
Peace and love
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt

The law of demand states that as the price increases then
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the only factor that does not shift or change demand, it only causes movement along a stable demand curve?
population
income
price
tastes and preferences
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of a good or service that consumers are willing and able to buy at a SPECIFIC PRICE
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the price of something increases, the quantity demanded ___?
decreases
reverses
increases
remains the same
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What would not cause a change (shift) in the demand curve?
a decrease in the salary’s of the population
a change in popularity of the good
a change in price of the good
an increase in the price of a substitute good
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