Demand Review

Demand Review

7th Grade

41 Qs

quiz-placeholder

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Demand Review

Demand Review

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Kaitlin Bryden

Used 5+ times

FREE Resource

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The want or willingness a consumer has to purchase a good or a service is called?

shortage
supply
price
demand

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?

The demand will probably go up

The demand will probably go down

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What happens to the price of objects when the demand for them decreases?
The price will go down
The price will go up
The price will stay the same
They will be free

4.

MULTIPLE CHOICE QUESTION

20 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.

5.

MULTIPLE CHOICE QUESTION

20 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.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

increase

decrease

stay the same

who knows

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

increase

decrease

stay the same

who knows

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