
Ch 2 Demand Quiz
Quiz
•
Social Studies
•
10th Grade
•
Medium
Used 3+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The interaction of what two groups in a market establishes the market price?
buyers and consumers
consumers and producers
sellers and producers
all of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Consumers will buy more of something if it costs ____, and less of something if its costs ____.
more, less
a lot, a little
less, less
less, more
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
There is an inverse relationship between quantity demanded and ______?
price
quantity
demand
market demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The quantities of a particular good or service that consumers are willing and able to buy at different prices, at a particular time is the?
equilibrium price
principle of demand
definition of demand
law of demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is not included in a demand schedule?
prices
quantity demanded
title
all are included in a demand schedule
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When drawing a demand graph your demand line or curve is typically downward sloping.
true
false
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which is least likely to affect an individual or consumer's buying power?
their income
prices of goods
where they live
the stock market
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