What always affects the quantity demanded?
Topic 3 Lessons 1-3 Quiz

Quiz
•
Social Studies
•
12th Grade
•
Easy
Erick Taggart
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply
Price
Advertising
Technology
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of demand says that
if the price for a good goes up, then the quantity supplied of that good will go down
if the price for a good goes up, then the quantity supplied of that good will go up
if the price for a good goes up, then the quantity demanded of that good will go up
if the price for a good goes down, then the quantity demanded of that good will go up
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market demand curve only accurate for?
Predicting future trends
Current market conditions
Long-term forecasts
Seasonal changes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are consumer expectations?
Predictions about future prices and income
Current market prices
Historical data on goods
Government regulations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are changes in demographics?
Changes in the age, race, gender, and income of a population
Changes in the weather patterns
Changes in government policies
Changes in technology
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Give an example of a change in income.
A salary increase
A decrease in product price
A new market trend
A change in consumer preference
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can shifts in demand occur?
Changes in consumer income
Changes in production costs
Changes in government policy
Changes in technology
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