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Demand
Test Description: This game will test your understanding of demand as an economic concept.
Instructions: Answer all questions to get your test result.
1) What would be a good title for this diagram?
A
The Ups and Downs of the Market
B
What goes up must come down!
C
Prices in the Market
D
Law of Demand
2) The following is an example of
A
demand curve
B
a shopping list
C
list of goods in a market
D
demand schedule
3) In the labor market, those on the demand side of the economy include.... (choose best answer)
A
producers
B
consumers
C
businesses (firms)
D
workers
4) The quantity of a good or service that is offered for sale is called
A
demand
B
official demand
C
shift in demand
D
demand shelf
5) Indoor skating has become very popular, and the skating rinks have raised their admission prices. The price increase is a result of
A
a decrease in supply
B
an increase in supply
C
a decrease in demand
D
an increase in demand
6) What will happen to the number of ipods people are willing to buy if the price is cut in half?
A
people will continue to buy the same number of ipods
B
people don\'t care about price changes .....They love ipods!!!
C
people will buy more ipods
D
people will buy less ipods
7) Which curve represents the demand curve?
A
blue line
B
neither
C
red line
8) Which are examples of substitutes
A
pie and cake
B
oranges and cream
C
rice and beans
D
bread and butter
9) If a blight hits the corn crops, what will happen to the demand for peas?
A
demand for peas will stay the same
B
demand for peas are not affected
C
demand for peas will rise
D
demand for peas will fall
10) Which of the following is not a determinant of demand?
A
technology
B
population
C
complements
D
income
*select an answer for all questions
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