Economics second term mid test 2025 SS1

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Welcome to your Economics second term mid test 2025 SS1

1. Charts in which pictures or drawings of objects are used is called.......

2. When there are about three or more variables in a given data a . Is used

3. The quantity of goods that consumers are willing and able to buy at alternative prices over a given period of time is called......

4. Demand backed up by the ability to pay is said to be

5. The point of intersection where demand curve meets supply curve is said to be ....

SUBJECTIVE

6. The price at which the quantity demanded equals the quantity supplied is called........

7. Two factors affecting demand I know are........ and ...........

8. Another name for abnormal demand is..........

9. In Economics,the higher the price,the.................

10. Goods like Peak milk and Cowbell are called. ....

THEORY:Answer only two questions.

1 With the aid of diagram show when there is a change in demand and change in quantity demanded.

2. Write extensively on the types of demand you know.

3. Define abnormal demand .

B. Outline any three causes of abnormal demand.

5. The point of intersection where demand curve meets supply curve is said to be ....

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