Demand and Supply
Authored by Theresia Lindha Widya Sari
Other, Social Studies
8th - 9th Grade
Used 34+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is measured on the vertical axis of a demand curve?
Cost
Price
Supply
Quantity
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens to people’s willingness and ability to buy a product when its price falls?
A
B
C
D
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The diagram shows the demand for chocolate.
What could cause the movement from point X to point Y?
A change in tastes
An increase in income
A fall in the price of chocolate
A successful advertising campaign for chocolate
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is meant by a contraction in demand?
A rise in demand due to a fall in the price of a complement
A reduction in demand due to a rise in the price of the product
A rise in demand due to a rise in the price of a substitute product
A reduction in demand due to a fall in the income of the population
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is showing that a product is the substitute of the other product?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The price of fuel rises. What will happen to the demand for cars?
It will extend
It will contract
It will decrease
It will increase
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which event would cause the demand curve for air travel to shift to the left?
A fall in the cost of air fuel
A fall in the safety of sea travel
A rise in the size of the population
A rise in the price of foreign holidays
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