Ch 2 Demand Quiz

Ch 2 Demand Quiz

10th Grade

16 Qs

quiz-placeholder

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Ch 2 Demand Quiz

Ch 2 Demand Quiz

Assessment

Quiz

Social Studies

10th Grade

Medium

Used 3+ times

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16 questions

Show all answers

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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