Professional Documents
Culture Documents
Economics Grade 9 & 10 (Quiz 2)
Economics Grade 9 & 10 (Quiz 2)
Name: ________________________________
Test duration: 30 Min
Subject: Economics
Date:
Marks: 15 Marks Converted to: Parents Signature:
Section A
Q1: Which one of the Following question is not associated with the basic economics
a) What to produce?
b) How to produce?
c) When to produce?
d) For whom to produce?
a) A Zinger Burger
b) Smart phones
c) A Motor car
d) Drinking water
Section B
Case Study 1
Alan Buschwacker makes a living by selling burgers from a van. He parks his van at busy
locations in seattle, Washington, USA, and sells gigantic burgers, which have become his trade
mark in the area. Most of the time his wife assists him. Details of weekly demand for Al’s
burgers are shown in the Table below
Number
of 1600 1400 1200 1000 800 600 400 200
Benches
Q2: Draw a demand curve using the information in the Table above (2 Marks)
Q3: Al currently charges $3 for his giant burgers. How many burgers would he expect to sell at
this price (1 Mark)
Q4: If Al wanted to sell 1400 burgers, what price would he have to charge? (1 Mark)
Q5: Describe what is meant by inverse relationship between quantity demand and price. Use
this case study as an example in your answer (4 Marks)
GOOD LUCK!