Unit 1 AP Macroeconomics Quiz
Authored by Kingsmen Plays
Social Studies
12th Grade
Used 65+ times
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20 questions
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1.
OPEN ENDED QUESTION
3 mins • 5 pts
What causes a leftward and rightward shift in the demand curve?
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2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is NOT a principal factor that shifts the demand curve?
Changes in income
Changes in inventory
Changes in tastes
Changes in number of customers
3.
OPEN ENDED QUESTION
3 mins • 5 pts
Which way would the demand curve shift if peanut butter became higher in demand because of jelly’s recent price drop?
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4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
“A _________ market is a market in which there are many buyers and sellers of the same good or service.”?
Contemptive
Cooperative
Competitive
Conservative
5.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
A (a) is a shift of the demand curve.
6.
OPEN ENDED QUESTION
3 mins • 5 pts
A pair of goods are substitutes because…...
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7.
OPEN ENDED QUESTION
3 mins • 5 pts
Sometimes a fall in the price of one good makes consumers more willing to buy another good. Such pairs are known as what?
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