Currey Demand Quiz

Currey Demand Quiz

9th - 12th Grade

14 Qs

quiz-placeholder

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Currey Demand Quiz

Currey Demand Quiz

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Samuel Currey

Used 2+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire to have some good or service and the ability to pay for it

demand
supply
consumption
production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The more money that a person makes, the more they are willing to spend..

True
There is no correlation between income and spending habits.
It depends on the person.
False.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these best describes the law of demand?

As price increases, quantity demanded stays the same.
As price increases, quantity demanded increases.
As price decreases, quantity demanded increases.
As price increases, quantity demanded decreases

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A change in the price of a good causes people to buy more or less of an item. This best describes the concept of

elasticity of demand
law of supply
market equilibrium

Change in Quantity Demanded

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quantity demanded of a good or service changes at all price levels best describes the concept of

Cross elasticity of demand.
Income elasticity of demand.

change in demand

Substitution effect.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these shows a decrease in the quantity demanded?

An increase in price
A decrease in population.
A decrease in advertising.
A decrease in income.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these shows an increase in the quantity demanded?

A decrease in price
A decrease in income.
An increase in price.
A decrease in population.

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