
Econ
Quiz
•
Fun
•
11th Grade
•
Practice Problem
•
Medium
Chloe Flood
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship of a price and the quantity people are willing to buy?
Scarcity
Demand
Barter
Want
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is this called?
Table of Demand
Demand curve
Price production frontier
Demand schedule
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price changes cause [__] along the demand curve.
Substitution
Movement
Shrinkage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price has a [__] relationship with demand.
Positive
Negative
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When people have more money, they buy less of...
Substitute goods
Imported goods
Inferior goods
Luxury goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of factors shift the whole demand curve?
Exogenous
Endogenous
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
PED =
demanding quantity / % change in price
% price change / % demand change
% change in quantity demanded / % change in price
% change in demand / price
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