ECON 101 ECON101 Week 2 Quiz with Answers (American Public University)

ECON 101 ECON/101 ECON101 Week 2 Quiz (APUS)

1. A shift of a demand curve to the right, all other things unchanged, will:
2. If the current price is above the equilibrium price, we would expect:
3. Demand is defined as:
4. The primary difference between a change in demand and a change in the quantity demanded is:
5. A negative relationship between the quantity demanded and price is called the law of ______.
6. The relationship between the quantity of a good or service sellers are willing and able to offer for sale and the independent variables that determine quantity is:
7. A price below the equilibrium price will:
8. It is true that the equilibrium quantity will always go up if supply:
9. The intersection of the supply and demand curves indicates:
10. A decrease in supply means: