We have sent an email with your new password.

Close this window

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

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz