Economics - Demand
Authored by Justin Parris
Education, Business
12th Grade
Used 2+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is a market?
Place where buyers and sellers meet to exchange goods and services for money.
A gathering of people at a place.
A physical place where persons meet to exchange goods and services.
A place to advertise products and services.
2.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
From the following terms, choose which ones are elements of a market.
Buyer
Seller
Discounts
Returns
Price
3.
OPEN ENDED QUESTION
2 mins • Ungraded
Distinguish between goods and services.
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4.
OPEN ENDED QUESTION
2 mins • Ungraded
Explain what is meant by the term 'demand' in economics.
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5.
OPEN ENDED QUESTION
2 mins • Ungraded
Identify the four Determinants of Demand.
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6.
OPEN ENDED QUESTION
3 mins • Ungraded
Analyse any TWO Determinants of Demand. Give an example for each.
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7.
OPEN ENDED QUESTION
3 mins • Ungraded
Differentiate between Complement and Substitute goods. Use examples.
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