Econ review

Econ review

9th - 12th Grade

64 Qs

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Econ review

Econ review

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Carie Barry

Used 4+ times

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64 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

supply

equilibrium

demand

quantity demanded

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these best describes the law of demand?

if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up

if prices go up, quantity demanded will also go up and if prices go down, quantity demanded will also go down

there is no law of demand, each situation is unique and demand and prices cannot be predicted

prices will go up for certain goods when quantity demanded goes up and vice versa

3.

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

the demand curve

change in quantity demanded

change in demand

elasticity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these shows a decrease in the quantity demanded?

Media Image
Media Image
Media Image
Media Image

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these shows an increase in the quantity demanded?

Media Image
Media Image
Media Image
Media Image

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The diagram represents a

increase in demand
decrease in demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If the price of Frozen Yogurt increased then the demand for ice cream will 

increase
decrease

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