
Microeconomics
Authored by Matthew Hynes
Social Studies
12th Grade
Used 5+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements about the law of demand is correct?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements explains the law of supply?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Curve A represent which of the following?
negative slope curve
Supply
Demand
a slope of 0
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Curve B represent which of the following?
positive slope curve
Supply
Demand
a slope of 0
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A decrease in in quantity demanded results in:
shift to the right
movement upward and to the left
shift to the left
movement downward to the right
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The movement from point B to point A shows:
A decrease in supply
An increase in supply
A decrease in quantity supplied
An increase in quantity supplied
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The shift of demand curve A to demand curve B shows:
a decrease in demand
an increase in quantity demanded
an increase in demand
a decrease in quantity demanded
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