
supply and demand
Quiz
•
Social Studies
•
7th Grade
•
Practice Problem
•
Hard
Anne Damon
Used 3+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumers are
people who sell goods and services
people who buy goods and services
people who consume food
none of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the law of demand say?
Consumers will buy less of something when prices go down.
Consumers will buy more of something when prices go down.
Consumers will buy more of something when prices go up
None of the above
3.
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
nobody knows
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In what way can demand be shown?
demand schedule chart
demand curve chart
by asking someone what they want to buy at the market.
A & B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A factor that can change the amount of demand for a good would be
Income
population
what people like and don't like
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a good becomes popular or fashionable, what will happen with the demand for the good?
Decrease
Stay the same
Increase
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of Sprite increases, what will happen with the demand for a subsitute product such as 7-Up?
Increase
decrease
stay the same
all of the above
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