demand quiziz
Authored by RM Anugerah
English
9th Grade
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The desire to have some good or service and the ability to pay for it
supply
equilibrium
demand
quantity demanded
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these best describes the law of demand?
if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up
if prices go up, quantity demanded will also go up and if prices go down, quantity demanded will also go down
there is no law of demand, each situation is unique and demand and prices cannot be predicted
prices will go up for certain goods when quantity demanded goes up and vice versa
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these shows a decrease in the quantity demanded?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these shows an increase in the quantity demanded?
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What luxury goods do Rolex produce?
Clothes
Cars
Jewellery
Private Planes
Watches
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What luxury goods do Gucci produce?
Clothes
Cars
Jewellery
Private Planes
Watches
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What luxury goods do Tiffany & Co produce?
Clothes
Cars
Jewellery
Private Planes
Watches
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