APUS Unit 2 Quiz

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