Unit 1 Test

Unit 1 Test

12th Grade

•

30 Qs

quiz-placeholder

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Unit 1 Test

Unit 1 Test

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Medium

Created by

ARNOLDO GARCIA

Used 3+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand means

the amount of a good or service that consumers are willing to buy.

is the amount of a good or service produced.

is the price that is demanded by consumers.

None of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the law of demand say

consumers will buy less of something when price goes down.

consumers will buy more of something when price increases.

consumers will buy more of something when prices go down.

None of the above.

3.

DROPDOWN QUESTION

1 min • 1 pt

If the price of a good or service decreases what will happen to the demand for it? (a)  

increase
decrease
stay the same
who knows

4.

DRAG AND DROP QUESTION

1 min • 1 pt

If the price of a good or service increases what will happen to the demand for it? (a)  

increase
decrease
stay the same
who knows

5.

DRAG AND DROP QUESTION

1 min • 1 pt

Media Image

What does this curve represent? (a)  

supply
equilibrium
demand
surplus

6.

DROPDOWN QUESTION

1 min • 1 pt

Media Image

If the price of printers goes down, what happens in the market for ink cartridges? (a)  

Supply increases.
Supply decreases.
Demand increases.
Demand decreases

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price goes on ________

the vertical axis
the horizontal axis
at the origin
the z axis

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