Unit 2 Supply/demand & markets
12th Grade
•48 Qs
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Unit 2 Supply/demand & markets
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Easy
Haechana Chelsea
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48 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount demanded at single price...
Quantity demanded
Law of demand
Quantity supplied
Law of supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Represented by point on the demand curve...
Quantity demand
Supply demand
Quantity supplied
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quantity demand of a good/service varies inversely with price: as price increases as quantity demand decreases (vice versa)-> if something becomes cheaper, more people are willing to buy...
Law of demand
Law of supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Quantity demanded of a service or good varies inversely w/ its price...
Quantity demand
Quantity supplied
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A movement along a demand curve is the graphical representation of a change in money on the __________
quantity demanded
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shift in demand is the graphical rep. of the effect of anything other than money on demand
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Change in demand is shift in entire demand curve in response to a change in a determinant of demand... (left of right)
True
False
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