Economics Chapter 4 Demand

Economics Chapter 4 Demand

9th - 12th Grade

20 Qs

quiz-placeholder

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Economics Chapter 4 Demand

Economics Chapter 4 Demand

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Steve Long

Used 40+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Means the ability and willingness to purchase an item or service

supply

resources

demand

order

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the part of economic theory that deals with behavior and decision making by individual units, such as people and firms

macroeconomics

microeconomics

general economics

neutral economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

demand involves which of these variables

ingredients

market

season

price

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

shows the various quantities demanded of a particular product at all prices that might prevail in the market at a given time

demand schedule

demand table

demand curve

demand response

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A graph showing the quantity demanded at each and every price that might prevail in the market

demand schedule

demand table

demand curve

demand response

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

states that the quantity demanded varies inversely with its price.

law of conservation

law of gravity

law of balance

law of demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of usefulness or satisfaction that someone gets from the use of a product

market

utility

elasticity

cromulence

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