Unit 2 Review

Unit 2 Review

12th Grade

48 Qs

quiz-placeholder

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Unit 2 Review

Unit 2 Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Amber Soofi

Used 3+ times

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48 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main components of demand?

A) Price and Quantity

B) Desire and Ability

C) Supply and Demand

D) Cost and Benefit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the law of demand, what happens to demand as prices go up?

A) Demand goes up

B) Demand stays the same

C) Demand goes down

D) Demand fluctuates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a demand curve, what is shown on the x-axis?

A) Quantity Demanded

B) Price

C) Supply

D) Time

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a market demand curve represent?

A) A single consumer's demand

B) All consumers' demand

C) A producer's supply

D) A single product's supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What direction does the demand curve shift when there is an increase in demand?

A) Upward

B) Downward

C) Right

D) Left

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor that causes a change in demand?

A) Income

B) Tastes

C) Prices of related goods

D) Production cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are substitute goods?

Goods that are often consumed together.

Goods that can easily replace one another.

Goods that are always in high demand.

Goods that are rarely used.

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