
Understanding Demand Functions

Interactive Video
•
Mathematics, Business
•
10th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the variable Q represent in the demand function?
The price per unit in dollars
The total revenue
The cost of production
The number of units sold in thousands
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If 7,000 units are to be sold, what is the value of Q used in the demand function?
7,000
0.007
70
7
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the price per unit if 7,000 units are sold?
$143
$517
$374
$454
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the price is set at $374, what equation do we solve to find Q?
D(Q) = 374
Q = 374
D(Q) = -Q^2 + 2Q - 517
374 = -Q^2 - 2Q + 517
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many units can be expected to sell if the price is $374?
7,000 units
11,000 units
21,760 units
13,000 units
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What method is used to find where the demand function crosses the Q-axis?
Linear approximation
Quadratic formula
Graphical method
Trial and error
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the demand function crossing the Q-axis?
It marks the minimum cost
It shows the break-even point
It indicates the maximum price
It represents the quantity demanded when the price is zero
Create a free account and access millions of resources
Similar Resources on Wayground
11 questions
Understanding Producer Surplus

Interactive video
•
10th - 12th Grade
6 questions
Micro Unit 4 Intro- Imperfect Competition AP Economics

Interactive video
•
11th Grade - University
6 questions
Micro 2012 FRQ #3- Trade and Tariffs

Interactive video
•
11th Grade - University
11 questions
Understanding Price Controls and Their Effects

Interactive video
•
10th - 12th Grade
11 questions
Supply and Demand Dynamics

Interactive video
•
10th - 12th Grade
11 questions
Elasticity of Demand Concepts

Interactive video
•
10th - 12th Grade
9 questions
Supply and Demand Concepts

Interactive video
•
9th - 12th Grade
11 questions
Understanding Demand, Cost, and Profit

Interactive video
•
10th - 12th Grade
Popular Resources on Wayground
15 questions
Hersheys' Travels Quiz (AM)

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
30 questions
Lufkin Road Middle School Student Handbook & Policies Assessment

Quiz
•
7th Grade
20 questions
Multiplication Facts

Quiz
•
3rd Grade
17 questions
MIXED Factoring Review

Quiz
•
KG - University
10 questions
Laws of Exponents

Quiz
•
9th Grade
10 questions
Characterization

Quiz
•
3rd - 7th Grade
10 questions
Multiply Fractions

Quiz
•
6th Grade