Applied Economics Reviewer
Authored by Sharmaine cruz
Education
University
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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Market?
Exchange of goods
A place where parties can gather to facilitate the exchange goods and services
Services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand?
Consumers
Price and services
A person willingness to purchase a product at a specific price
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Explain and tangible and intangible of a product
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What is demand curve
(a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand schedule
Table of demand curve
Table displaying the demand curve
Table displaying the quantity of a product and services at a various price points
Table displaying the quantity of demand in various price points
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply
Refers to a sellers
Refers to a quantity of goods that seller is willing to sell for sale
Refers to the quantity of a product
B and C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is law of demand
Direct relationship between the quantity of price
inverse relationship between the price and the quantity demanded
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