Changes in Demand
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Gilbert Velasquez
Used 98+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will cause an increase in demand for snowboards?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Americans revive their love of SUV’s and the newly remodeled, but still “gas guzzling” Hummer. What happens to the market for gasoline?
Demand for gasoline will decrease
Demand for gasoline will increase
Demand for gasoline will stay the same
Demand for insurance agents will decrease
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Due to a disappointing economy, Americans are cutting back on the family vacation road trips. What happens to the market for gasoline?
Demand for gasoline will decrease
Demand for gasoline will increase
Demand for gasoline will stay the same
The demand for airline tickets will increase
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand means
the amount of a good or service that consumers are willing and able 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
30 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
6.
MULTIPLE CHOICE QUESTION
30 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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does this downward sloping curve represent?
supply
equilibrium
demand
surplus
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