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Economy Activity (The Law Of Demand)

Authored by Vadilla Mutia

Social Studies, Business, English

University

10 Questions

Used 15+ times

Economy Activity (The Law Of Demand)
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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What determines the price of a good or service?

Demand only

Supply only

Supply and Demand

None of the above

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Consumers are

people that sell goods and services.

people that buy goods and services.

people that consume food.

None of the above.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Demand means

the amount of a good or service that consumers are willing to buy.

is the amount of a good or service produced.

is the price that is demanded by consumers.

None of the above.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does the law of demand say

consumers will buy less of something when the price goes down.

consumers will buy more of something when price increases.

consumers will buy more of something when prices decrease.

None of the above.

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

If the price of a good or service increases, what will happen to the demand for it?

increase.

decrease.

stay the same.

nobody knows.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which way can demand be shown, with

a demand schedule chart.

a demand curve graph.

using the formula D + E = DE

A and B.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A factor that can change the amount demanded for a good would be

income

population

tastes

All of the above.

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