Economics chapter 4

Economics chapter 4

12th Grade

29 Qs

quiz-placeholder

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Economics chapter 4

Economics chapter 4

Assessment

Quiz

Social Studies

12th Grade

Medium

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

graphically shows the data from a demand schedule

Demand Schedule

Market Demand Schedule

Law of Demand

Demand

Demand Curve

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

graphically shows the data from a market demand schedule

Demand Schedule

Market Demand Schedule

Law of Demand

Demand

Market Demand Curve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is a listing of how much of an item all consumers are willing to purchase at each price

Demand Schedule

Market Demand Schedule

Law of Demand

Demand

Market Demand Curve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

states that when prices go down, quantity demanded increases.

When prices go up, quantity demanded decreases.

Demand Schedule

Market Demand Schedule

Law of Demand

Demand

Market Demand Curve

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

is the willingness to buy a good or service and the ability to pay for it

Demand Schedule

Market Demand Schedule

Law of Demand

Demand

Market Demand Curve

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following would lead to the highest prices?

High Supply

High Demand

Low Demand

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In general, if the price of a good or service goes up, what happens to the demand for that good or service?

demand goes up

demand stays the same

demand goes down

none of the above

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