Unit 4 Test - Price System Economics Test

Unit 4 Test - Price System Economics Test

9th - 12th Grade

19 Qs

quiz-placeholder

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Unit 4 Test - Price System Economics Test

Unit 4 Test - Price System Economics Test

Assessment

Quiz

Fun

9th - 12th Grade

Medium

Created by

Tea Beerley

Used 2+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

how buyers and sellers respond changing prices

supply

emotions

elasticity

demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the desire to buy something

profit

demand

supply

elasticity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a product that brings you lots of use

utility

product increase

demand

productive

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the ability to bring a product to the market

supply

demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

chart that shows the demand compared to different prices

price schedule

demand chart

price chart

demand schedule

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a chart that shows the correlation between price and quantity supplied

supply chart

demand chart

supply schedule

demand schedule

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when the demand and supply curves meet in the middle, that is called the

equilibrium

middle point

cross section

checkpoint

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