Economics 4.2 Change in Demand

Economics 4.2 Change in Demand

9th - 12th Grade

67 Qs

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Economics 4.2 Change in Demand

Economics 4.2 Change in Demand

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

Created by

Justin Beyersdorfer

Used 1+ times

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67 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why would McDonald’s go to the trouble and expense of redesigning its restaurants? The company realizes that __________ is changing.

consumer demand
the economy is changing
technology is changing
food prices are changing
the workforce is changing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This means the company has to change too, or it risks losing business to __________ that better meet customer demand.

competitors
suppliers
investors
employees
government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Such changes in demand have an effect on both the __________ and the demand curve.

demand schedule
price level
quantity supplied
quantity demanded
total revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When it comes to demand, there are __________ types of changes.

two
three
four
five
six

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the price of a product changes while all other factors remain the same, we have a change in the __________ demanded.

quantity
total demand
quantity supplied
demand curve
supply schedule

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sometimes other factors change while the price remains the same—similar to the change in __________ in our news story.

consumer taste
government policy
product quality
income levels
advertising trends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When this happens, we see a __________ in demand.

change
shift
increase
decrease
fluctuation

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