Chapter 4 Test Demand

Chapter 4 Test Demand

Assessment

Assessment

Created by

Leo Castorena

Social Studies

9th - 12th Grade

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22 questions

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1.

Multiple Choice

30 sec

1 pt

Combination of desire, ability, and willingness to buy a product

Demand

Inflation

Want

Supply

2.

Multiple Choice

30 sec

1 pt

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

30 sec

1 pt

Media Image

The diagram represents a

increase in demand

decrease in demand

4.

Multiple Choice

1 min

1 pt

The law of demand refers to how

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

30 sec

1 pt

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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