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