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ECONOMICS 9

Authored by Jefferson Rodica

Social Studies

9th Grade

20 Questions

Used 86+ times

ECONOMICS 9
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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This part of the market determines SUPPLY

buyers

sellers

consumers

us

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

 

This part of the market determines DEMAND

buyers

sellers

suppliers

store owners

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Factors that change the demand.

Tax

 Income  

Subsidy

Expenditure

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The use of machinery and technical knowledge in production.

Technology

Computerization

Industrialization

Mechanization

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The price of sugar causes the demand curve for coffee to shift to the left. Therefore, ________.

Sugar is normal good.     

Coffee is an inferior good.

Sugar and coffee are substitute goods.

Sugar and coffee are complimentary goods.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The consumer’s behavior affects the price of the commodities. The price of the commodities will tend to increase if _______.

Income decreases

The consumer changes his/her choice

There is an oversupply in the market

The quantity demanded is more than the quantity supplied at a given price

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following would lead to an increase in the demand for laptop when the price is constant?

Increase in income       

Decrease in population  

Expectation of consumer

Preference of consumer

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