Quiz #6 - Intro to Demand

Quiz #6 - Intro to Demand

10th - 12th Grade

10 Qs

quiz-placeholder

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Quiz #6 - Intro to Demand

Quiz #6 - Intro to Demand

Assessment

Quiz

Created by

Robert Gray

Social Studies

10th - 12th Grade

2 plays

Medium

10 questions

Show all answers

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

Media Image
The law of demand states that as the price increases then 
quantity demanded increases
quantity demanded decreases
demand increases
demand decreases

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
Demand
Quantity Demanded
Supply
Quantity Supplied

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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