
econ shmeecon
Quiz
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Easy
Sofie Delidow
Used 7+ times
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is demand focused on producers or consumers?
Producers
Consumers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Does demand have a direct or indirect relationship?
Indirect: price goes down, quantity demanded goes up
Direct: price goes up, quantity demanded goes up
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is demand downward or upward sloping?
Downward
Upward
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Does supply focus on the producers or consumers?
Consumers
Producers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is supply downward or upward sloping?
Downward
Upward
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the unit elastic coefficient?
Above 1
Equal to 1
Below 1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the coefficient if a good is elastic?
Greater than 1
Equal to 1
Less than 1
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