Demand and Elasticity 9th - 12th Grade Quiz

Demand and Elasticity

Assessment

•

James Severson

•

Education

•

9th - 12th Grade

•

117 plays

•

Medium

Student preview

25 questions

Show answers

1.

Multiple Choice

30 sec

1 pt

An increase in the number of consumers can cause

the demand curve to shift left

the demand curve to shift right

the demand curve to shift up

diminishing returns

2.

Multiple Choice

30 sec

1 pt

when consumers have a need for a product that is urgent

the demand curve is inelastic

the demand curve is elastic

the demand curve is complementary

the demand curve is unit demand

3.

Multiple Choice

30 sec

1 pt

When replacing a certain item with with a less costly item is an example of

the substitution effect

the income effect

demand elasticity

complements

4.

Multiple Choice

2 mins

1 pt

A city's transit authority increases the price of subway and bus tickets from $1.25 to $1.50. If the demand for these tickets is price inelastic, 1) the # of people riding buses & subways AND 2) the city's revenues will change in which way (respectively)?

1) Increase; 2)Increase

1) Decrease; 2) Increase

1) Decrease; 2) Decrease

1) No Change; 2) Increase

5.

Multiple Choice

30 sec

1 pt

Demand is unit elastic if it is less than 1.0

True

False

Explore all questions with a free account

or continue with

Microsoft

Apple

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?

Find a similar activity

Create activity tailored to your needs using

20 questions

ELASTICITY OF DEMAND

•

11th Grade

22 questions

Chapter 10: Price Elasticity of Demand and Supply

•

10th - 11th Grade

25 questions

QWJSUnG0zuwKPbiHnDhaK

•

9th - 12th Grade

20 questions

Exam Revision Game

•

11th Grade

20 questions

Econ Unit 2A Test

•

10th Grade

23 questions

eco quiz 2

•

12th Grade

25 questions

Economics-XI-B-Quiz no 2

•

9th - 11th Grade

20 questions

Supply & Demand In Entrepreneurship

•

9th - 12th Grade