Chapter 29 demand and supply

Chapter 29 demand and supply

3rd Grade

12 Qs

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Chapter 29 demand and supply

Chapter 29 demand and supply

Assessment

Quiz

Business

3rd Grade

Practice Problem

Medium

Created by

Emma Carrick1

Used 20+ times

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12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following effect the economic system?

Consumer demand

Products

Price

Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when a consumer desires to purchase a good or service?

Supply

Price

Income

Demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A luxury good is an exception to the law of demand

True

False

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Demand _______: a graphic representation of the relationship between product price and quantity demanded

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a factor that effects demand

Change in income

Government action

Technology

Tastes and fashion

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The demand curve shifts to the left when there is an increase in demand

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Is this the supply or demand curve

Demand Curve

Supply Curve

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