Economics Demand Quiz

Economics Demand Quiz

12th Grade

25 Qs

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Economics Demand Quiz

Economics Demand Quiz

Assessment

Quiz

History

12th Grade

Medium

Created by

Miss. Quinones

Used 6+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand?

The supply of a good

A desire to own something and the ability to pay for it

Government control of prices

A product's popularity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law of demand states:

When price increases, demand increases

When price increases, demand decreases

Price and demand are unrelated

When price increases, supply decreases

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a necessity?

Concert tickets

Jewelry

Bread

Designer purse

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a demand schedule show?

Production costs

Consumer income levels

Quantity demanded at various prices

Supplier inventory

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A demand curve:

Is always horizontal

Slopes upward

Shows the relationship between price and quantity demanded

Is a straight line from left to right

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individual demand refers to:

What the entire population buys

Demand by a single consumer

Government-created demand

Demand from multiple suppliers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market demand combines:

Government spending

All individual demands in a market

Production costs and labor

Supply and demand

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