Chapter 4 Demand

Chapter 4 Demand

11th - 12th Grade

27 Qs

quiz-placeholder

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Chapter 4 Demand

Chapter 4 Demand

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Nate TeSlaa

Used 5+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The change in consumption that results when a price increase causes spending ability to decline

Demand

Law of Demand

Substitution Effect

Real Income Effect

Demand Curve

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers will buy more of a good when its price is lowered and less when price is high

Demand

Law of Demand

Substitution Effect

Real Income Effect

Demand Curve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When consumers react to an increase in a good's price by consuming less of that good and more of an alternative good

Demand

Law of Demand

Substitution Effect

Real Income Effect

Demand Curve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a graphic representation of quantity of a good at every price

Demand

Law of Demand

Substitution Effect

Real Income Effect

Demand Curve

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire to own something and the ability to pay for it

Demand

Law of Demand

Substitution Effect

Demand Schedule

Demand Curve

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A table that lists the quantity of a good a person will buy at various prices in a market

Demand

Law of Demand

Substitution Effect

Demand Schedule

Demand Curve

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Latin phrase that means "all other things held constant"

Ceteris Paribus

Normal Good

Inferior Good

Demographics

Complements

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