VOTE Quiz #4 Chapter 5
Quiz
•
Social Studies
•
12th Grade - University
•
Hard
Ryan Townsend
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of demand states that if the price of CD’s rise, consumers will
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of supply states that if the price of CD’s rise, suppliers will
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a determinant of the supply of peanut butter?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a “surplus” (extra amount) of goods in a market imply?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Due to a disappointing economy, Americans are cutting back on the family vacation road trips. What happens to the market for gasoline?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Costs of producing gasoline has increased due to rising energy costs. What happens to the market for gasoline?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price signals tell us about consumers ...
wants.
spending power.
credit position.
cash position.
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