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Chapter 4: Demand

14 Questions  I  By Slevaque
Chapter 4: Demand

  
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1.  A change in quantity demanded is
A.
B.
C.
D.
2.  Economists measure elasticity of demand by
A.
B.
C.
D.
3.  Demand for a product is inelastic when
A.
B.
C.
D.
4.  The demand for necessities
A.
B.
C.
D.
5.  A market demand schedule shows
A.
B.
C.
D.
6.  Which of the following is an example of demand?
A.
B.
C.
D.
7.  When the price of a good or service goes up, your demand will probably
A.
B.
C.
D.
8.  Consumers' expectations about the price of a good or service will often
A.
B.
C.
D.
9.  What happens when the income of consumers rises?
A.
B.
C.
D.
10.  The law of demand states that 
A.
B.
C.
D.
11.  Three factors that can cause a change in demand are
A.
B.
C.
D.
12.  The availability of substitutes
A.
B.
C.
D.
13.  What is the substitution effect?
A.
B.
C.
D.
14.  Why does a market demand curve show larger quantities than an individual demand curve?
A.
B.
C.
D.
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