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Chapter 4 Test Demand
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Assessment
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Leo Castorena
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Social Studies
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9th - 12th Grade
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148 plays
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Medium
Student preview
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22 questions
Show answers
1.
Multiple Choice
Combination of desire, ability, and willingness to buy a product
Demand
Inflation
Want
Supply
2.
Multiple Choice
Graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time
Demand Schedule
Demand Curve
Inelastic
3.
Multiple Choice
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increase in demand
decrease in demand
4.
Multiple Choice
demand changes when people's incomes change
demand changes when the prices of substitutes and complements change
the quantity demanded changes when the price of the good changes
the price of the good changes when people's demand for the good changes
5.
Multiple Choice
Rule stating that more will be demanded at lower prices and less at higher prices
Law of Demand
Ability
Marginal Utility
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