Chapter 4: Demand

14 Questions  I  By Slevaque

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

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


to post comments.

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz