Search Header Logo

Demand Intro

Authored by Nick Colin

Social Studies

12th Grade

Used 68+ times

Demand Intro
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market?

Group of deciders and sellers of a particular good

Group of representatives and producers of a particular good

Group of buyers and sellers of a particular good

Group of producers and sellers of a particular good

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a marketplace, who is responsible for determining the demand for a new smartphone model?

Consumers

The smartphone store owners

The smartphone manufacturers

The smartphone app developers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a local farmer's market, who determines the supply of vegetables?

Colin

Consumers

Buyers

Producers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of a good or service that a consumer is willing and able to buy at various prices

Quantity Supplied

Demand

Supply

Shortage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law of demand states that, the higher the price of a good, the less people will demand that good

True

False

None of the above

Peace and love

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchasing Power refers to

Producers and Consumers

The amount of value that you have to gain from goods and services

The amount of supply that producers have to spend on goods and services

The amount of income that consumers have to spend on goods and services

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a person’s income increases so does their demand. On the other hand, when their income decreases their demand also decreases

Income Effect

Purchasing Parity

Purchasing Plague

Income DIstribution Center

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?