Social Studies

9th -

12thgrade

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Demand & Law of Demand

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  • 1. Multiple Choice
    30 seconds
    1 pt

    The desire to have some good or service and the ability to pay for it

    supply

    equilibrium

    demand

    quantity demanded

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which of these best describes the law of demand?

    if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up

    if prices go up, quantity demanded will also go up and if prices go down, quantity demanded will also go down

    there is no law of demand, each situation is unique and demand and prices cannot be predicted

    prices will go up for certain goods when quantity demanded goes up and vice versa

  • 3. Multiple Choice
    30 seconds
    1 pt

    A change in the price of a good causes people to buy more or less of an item. This best describes the concept of

    the demand curve

    change in quantity demanded

    change in demand

    elasticity

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