BASIC EDUCATION – LABORATORY HIGH SCHOOL

Junior High School

Social Studies Department

SOCIAL STUDIES 9 – ECONOMICS

Assessment

Quarter 2 – Module 7: Concept of Demand

INSTRUCTIONS: Multiple Choice. Write the letter of the correct answer on a separate sheet
of paper.

1. It is the quantity of products or services that consumers desire and can afford to buy at
different prices within a given period of time.
A. Quantity demanded
B. Demand function
C. Demand
D. Demand curve

2. It is the amount that a consumer wants to buy at a particular price.

A. Quantity demanded
B. Demand schedule
C. Demand
D. Demand curve

3. This is the mathematical representation of the relationship between price and quantity
demanded. It can be shown through the equations below.
A. Quantity demanded
B. Demand function
C. Demand
D. Demand curve

4. This is a tabular representation of the quantity of products or services that consumers are
able and willing to buy at different prices.
A. Quantity demanded
B. Demand function
C. Demand schedule
D. Demand curve

5. This is a graphical representation of the relationship between price and quantity demanded,
or the quantity of demand for a product or service.
A. Quantity demanded
B. Demand function
C. Demand schedule
D. Demand curve

6. It states that if the price of a product increases, the number of consumers will decrease
because they will seek alternative products at a more affordable price.
A. Substitution effect
B. Income effect

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 BASIC EDUCATION – LABORATORY HIGH SCHOOL
Junior High School
Social Studies Department

C. Law of demand
D. Inverse

7. It states that a person's income increases when the price is low. The person's purchasing
power increases, allowing them to buy more products when the price is low. On the other hand,
when the price increases, their ability to purchase products decreases.
A. Substitution effect
B. Income effect
C. Law of demand
D. Inverse

8. According to the _____, there is an inverse or opposite relationship between the price and
quantity demanded of a product.
A. Substitution effect
B. Income effect
C. Law of demand
D. Inverse

9. The supply of Japanese Siomai is running out, so the demand for Pork Siomai has increased.
What is referred to as the product "kwek-kwek"?
A. Substitute
B. Complementary
C. Temporary
D. Small

10. Aleng Nena is very happy because there are more people who ask her to load their
cellphones since almost everyone in their barangay has a cellphone. What is referred to as these
products?
A. Substitute
B. Complementary
C. Temporary
D. Small

11. As a student, it is important to apply the law of demand. How will you do it?
A. Know how to save money for the gadget you want.
B. Assess the quality of the product with each purchase.
C. Spend according to needs.
D. Determine the price of the product with each purchase.

12. In the current time of the pandemic, people are concerned about running out of products
for health safety. What will happen to the demand for face masks?
A. The need for face masks will remain.
B. The demand for face masks will decrease.
C. The demand for face masks will increase.
D. The need for face masks will remain constant.

FAIR USE AND CONTENT DISCLAIMER This Assessment Tool is for educational purposes only. Borrowed materials (i.e.,songs,
stories, poems, pictures, photos, brand names, trademark, etc.) include in these items are owned by their respective copyright
holders. The publisher and authors do not represent nor claim ownership over them. Sincerest appreciation to those who have
made significant contribution to these test items.
 BASIC EDUCATION – LABORATORY HIGH SCHOOL
Junior High School
Social Studies Department

13. The sales of Cesar's store decreased since the start of the quarantine. Why were his sales
affected?
A. Because many new stores emerged.
B. Because many people lost their jobs.
C. Because going out was prohibited.
D. Because his regular customers shifted to other stores.

14. One of the factors of demand is the number of consumers. If you have a pastry business,
what will you do to increase your sales?
A. I will increase the price of the pastries.
B. I will convince my classmates to buy.
C. I will give out free samples.
D. I will invite my friends and classmates to our store.

15. Using the Demand Function Equation, Qd = 50 - 2P, what is the Quantity Demanded if the
price of an apple is 15 PHP?
A. 10
B. 15
C. 20
D. 25

FAIR USE AND CONTENT DISCLAIMER This Assessment Tool is for educational purposes only. Borrowed materials (i.e.,songs,
stories, poems, pictures, photos, brand names, trademark, etc.) include in these items are owned by their respective copyright
holders. The publisher and authors do not represent nor claim ownership over them. Sincerest appreciation to those who have
made significant contribution to these test items.
 BASIC EDUCATION – LABORATORY HIGH SCHOOL
Junior High School
Social Studies Department

ANSWER KEY
1. C
2. A
3. B
4. C
5. D
6. A
7. B
8. C
9. A
10. B
11. C
12. C
13. C
14. D
15. A

FAIR USE AND CONTENT DISCLAIMER This Assessment Tool is for educational purposes only. Borrowed materials (i.e.,songs,
stories, poems, pictures, photos, brand names, trademark, etc.) include in these items are owned by their respective copyright
holders. The publisher and authors do not represent nor claim ownership over them. Sincerest appreciation to those who have
made significant contribution to these test items.