FIRST QUARTER EXAMINATION

S.Y. 2021-2022
ARAL PAN 9
GRADE 9 – COLOSSIANS

Name: ____________________________________________ Date: _________________

General Direction: This is a 50-item test, read each direction written in each type of test, answer this test in one
hour. Avoid erasures.

I. Identification (10 items) (2 POINST EACH)

Directions: Choose the correct answer from the box shown below.

Demand Schedule Consumption Expenditure Law of Demand

Consumption Consumer Confidence Market Demand Curve
Market Demand Demand Function Real Incomes
Demand Curve Demand

_________1. It is the use of goods and services by households.

_________2. It is the purchase of goods and services for use by households.

_________3. It is an economic indicator that measures the degree of optimism that consumers have regarding
the overall state of a country’s economy and their own financial situations.

_________4. It is a mathematical equation which expresses the demand of a product or service as a function
of the price and other factors such as the prices of the substitutes and complementary goods, income, etc.

_________5. It is the total amount of goods and services that all consumers are willing and able to purchase at
a specific price in a marketplace.

_________6. It is one of the most fundamental concepts in economics.

_________7. It is a graphical representation of the relationship between the price of a good or service and the
quantity demanded for a given period of time.

_________8. It is a table that shows the quantity demanded of a good or service at different price levels.

_________9. It creates a relationship between the demand (in quantities) of a product (which is a dependent
variable) and factors that affect the demand such as the price of the product, the price of substitute and
complementary goods, average income, etc., (which are the independent variables).

_________10. It is an economic principle referring to a consumer's desire to purchase goods and services and
willingness to pay a price for a specific good or service.

II. Enumeration. (11-20) (1 POINT EACH)

Answer the following:

Give me at least 5 Factors Affecting the Consumer Spending

11.
12.
13.
14.
15.

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Give me at least 5 Factors Affecting Demand
16.
17.
18.
19.
20.

III. Solve the following: (21-40) (5 POINTS EACH)

Use this formula: Qd= 150-5P

PRICE (P) QUANTITY DEMANDED (Qd)

5 1. _______

15 2. _______

3. _______ 60
4. _______ 20

1. Find the Quantity Demanded (Qd) if the price is 5. Show your solutions here. (5 points)

2. Find the Quantity Demanded (Qd) if the price is 15. Show your solutions here. (5 points)

3. Find the PRICE (P) if the Quantity demanded (Qd) is 60. Show your solutions here. (5 points)

4. Find the PRICE (P) if the Quantity demanded (Qd) is 20. Show your solutions here. (5 points)

3 
The LORD is more pleased when we do what is right and just than when we offer him sacrifices.
− Proverbs 21:3 NLT
Prepared by:

Mary Rose E. Ocop

Subject Teacher

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