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Demand

Authored by Dajana Dubravac

Social Studies

KG - 12th Grade

Used 2+ times

Demand
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

At the core of market theory are the concepts..

of demand and supply

of false and wrong

of right and left

of demand and offer

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

ceteris paribus is an assumption that means

all the other things being changed

all other things being equal

3.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

The Law of Demand may be illustrated using either a

demand schedule

demand curve

4.

OPEN ENDED QUESTION

3 mins • 5 pts

The increase in demand is for two reasons:

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5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

"For most goods, as income rises, the demand for the product will also rise." What kind of good is this sentence explaining?

Normal Good

Inferior Good

6.

OPEN ENDED QUESTION

3 mins • 5 pts

The three relationships between products are ...

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7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A change in the price of the good itself leads..

to a shift of the demand curve to the right

to a shift of the demand curve to the left

to a movement along the existing demand curve, since the price of the good is on one of the axes.

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