Chapter 4: Demand

14 Questions  I  By Slevaque
Chapter 4: Demand

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

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

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz
We have sent an email with your new password.