Quantity demanded: Indicate the answer choice that best completes the statement or answers the question.
Review of Demand

Quiz
•
Business
•
University
•
Hard

Doug Bice
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
shows how much buyers are willing and able to buy at different prices.
is the amount that buyers are willing and able to buy at a particular price.
shows how much sellers are willing and able to sell at different prices.
is the amount that sellers are willing and able to sell at a particular price.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A demand curve is a function that shows the relationship between:
price and the quantity sold.
price and the quantity supplied.
price and the quantity demanded.
quantity demanded and quantity supplied.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement expresses the law of demand?
There is a positive relationship between price and consumer surplus, all else equal.
There is a positive relationship between price and the quantity that buyers are willing and able to purchase, all else equal.
There is an inverse relationship between the willingness to pay and the ability to pay, all else equal.
There is a negative relationship between price and quantity demanded, all else equal.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the university president valued a parking space close to the administration building at $500 and paid $30 for a parking permit, he would receive consumer surplus equal to:
$30.
$470.
$500.
$530.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in demand refers to:
a rightward shift of the demand curve.
a leftward shift of the demand curve.
an upward movement along the demand curve.
a downward movement along the demand curve.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assume that spaghetti is an inferior good for most people. As peoples' incomes increase, all other things held constant, the demand for spaghetti will:
decrease, shifting the demand curve to the left.
decrease, shifting the demand curve to the right.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor would cause the change in the figure?
a. a decrease in the price of a complement good
b. a decrease in the price of the product
c. a decrease in the price of a substitute good
d. an increase in taxes
Create a free account and access millions of resources
Similar Resources on Quizizz
10 questions
JAN 25 - ECO 1200 Revision Test 2

Quiz
•
University
20 questions
REVISION MICROECONOMICS

Quiz
•
University
20 questions
Demand and Supply

Quiz
•
10th Grade - University
10 questions
Demand Theory

Quiz
•
University
20 questions
Economics Quiz part 2

Quiz
•
University
16 questions
Review Chapter 35

Quiz
•
University
10 questions
Economics: Supply and Demand

Quiz
•
University
20 questions
PERFECT COMPETITION AND MONOPOLY

Quiz
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade