
Chapter 4 Demand
Authored by Nate TeSlaa
Social Studies
11th - 12th Grade
Used 5+ times

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27 questions
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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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