
EC 11/12 Quiz
Professional Development
9th - 12th Grade
Used 2+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Marcy is ready to buy a new computer, and she has saved up enough money to buy the model she wants. This is an example of
elasticity
supply
demand
marketplace
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Jeremy has $15,000 to spend on a new car. He found a car that cost $14,500, but he did not think the car was worth more than $12,000. The dealer told Jeremy that he has not been able to sell this model because other customers have expressed the same opinion as Jeremy. Does demand for this car exist?
No, because consumers are not willing to pay the price being asked for this car.
No, because consumers do not have the buying power to purchase this car.
Yes, because consumers think the car is worth $12,000.
Yes, because consumers like the car but don’t buy it.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is
quantity sold.
demand.
supply.
quantity demanded.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When the price of Bluetooth speakers increases, the quantity of Bluetooth speakers offered for sale will increase. This is an example of the law of
standardization
cost of production
supply
demand
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Your business is selling more and more large-screen televisions each month. Applying the law of supply and demand, what do you expect to happen to the price and supply of these televisions over the next few months?
The price will decrease, and supply will increase.
The price will increase, and supply will decrease.
The price will decrease, and supply will decrease.
The price will increase, and supply will increase.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A local neighborhood has many houses for sale at a low price, but demand for the houses is low. What kind of market most likely exists in the neighborhood?
Buyer’s
Inelastic
Discretionary
Seller’s
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of the following is characteristic of a seller’s market:
Low profits
High prices
Large supply
Small demand
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
administrasi umum
Quiz
•
12th Grade
20 questions
Summative Porridge Making
Quiz
•
10th Grade
20 questions
ICE CUP CUSS
Quiz
•
6th Grade - Professio...
21 questions
Interviewing
Quiz
•
9th - 12th Grade
20 questions
Ch. 2 Life Skills
Quiz
•
10th Grade - University
20 questions
Foundations of Restaurant Management Chapter 20
Quiz
•
9th - 12th Grade
20 questions
Photoshop Certification [2, Panels]
Quiz
•
9th - 12th Grade
20 questions
Tenses - Present forms
Quiz
•
8th Grade - Professio...
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade