
Microeconomics: Demand
Authored by Spencer Saragena
Business
12th Grade
Used 459+ times

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16 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
Select all that apply. These are the targets of "Law of Demand"
Summary
Knowledge
Reasoning
Skill
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
If all things are equal, consumers will demand more of a product as its price decreases
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
If all things are equal, consumers will demand less of a product as its price inreases
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Lower prices = consumers will buy less
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Higher prices = consumers will buy more
True
False
6.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
Select all that apply. Demand can change in two ways
Change in "Quantity Demanded"
Change in "Price"
Change in "Demand"
7.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
Change in "Quantity Demanded"
Supply change
Price change, from one "quantity" to another
Change along the demand curve
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