Demand Practice

Demand Practice

9th - 12th Grade

35 Qs

quiz-placeholder

Similar activities

Economics Unit 2 Test

Economics Unit 2 Test

9th - 12th Grade

35 Qs

Standard 2 Certification Quiz: What is the "right" price?

Standard 2 Certification Quiz: What is the "right" price?

10th - 12th Grade

40 Qs

Supply and Demand

Supply and Demand

9th - 12th Grade

33 Qs

Econ U2 Review. Supply Demand

Econ U2 Review. Supply Demand

12th Grade

40 Qs

Unit 2: Supply & Demand Review

Unit 2: Supply & Demand Review

12th Grade

35 Qs

Economics Final

Economics Final

10th Grade

32 Qs

Unit Two: Understanding Markets

Unit Two: Understanding Markets

12th Grade

32 Qs

Supply and Demand Multiple Choice Assessment

Supply and Demand Multiple Choice Assessment

9th - 12th Grade

30 Qs

Demand Practice

Demand Practice

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Denise Vosika

Used 13+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement describes the law of demand?

As prices rise, quantity demanded decreases

As prices rise, demand decreases.

As prices fall, quantity demanded decreases.

As prices fall, demand decreases.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is an example of the Law of Demand at work?

The price of the pizza goes up when the price of cheese goes up.

Demand for pizza goes down when tacos become more popular

The price of pizza falls when the demand for pizza falls

Demand for pizza rises when the price of pizza falls

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What causes a shift in the demand curve?

A decrease in price

An increase in price

A change in an area other than price (an external force changed)

A change in price and availability

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of a good or service that producers are willing and able to sell at all possible prices during a given period of time.

Supply

Demand

Factor of Production

Production

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The market equilibrium price is the price at which

surpluses depress the number of goods supplied

shortages and surpluses will have no effect on the market

the government will not intervene in the market

the quantity demanded is the same as the quantity supplied

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is the Equilibrium Price?

1

2

3

4

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram represents a

increase in demand

decrease in demand

change in quantity demand

none of the above

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?

Discover more resources for Social Studies