Econ Unit 2 Test
Authored by Ryan Wolf
Financial Education
12th Grade
Used 6+ times
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39 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A product whose demand increases when consumer income rises is called a:
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When two goods are consumed together, like peanut butter and jelly, they are known as:
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The change in quantity demanded due to a change in consumer purchasing power is called the:
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A graph that shows the relationship between price and quantity demanded is the:
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If quantity demanded changes very little when price changes, demand is said to be:
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A product whose demand decreases when income increases is a:
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
According to the __________, as price decreases, quantity demanded increases.
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