Chapter 4: Demand

14 Questions  I  By Slevaque
Please take the quiz to rate it.

Chapter 4: Demand

  
Changes are done, please start the quiz.


Questions and Answers

Removing question excerpt is a premium feature

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