This quiz is designed to test students on their knowledge of the basic principles of demand. For instance, the law of demand, the demand curve, the factors that affect demand, and the elasticity of demand.
The Law of Diminishing Marginal Utility
Adam Smith
The Law of Demand
The elasticity of demand
Quantity
Demand
The Law of Demand
Elasticity
An increase in demand
A decrease in demand
An increase in demand
A decrease in demand
An inferior good
A normal good
A complementary good
A neutral good
An inferior good
A normal good
A complementry good
A neutral good
The quantity demand for XBOX 360 will decrease
The quantity demand for XBOX 360 will not change
The quantity demand for XBOX 360 will increase
The quantity demand for cookies will decrease
The quantity demand for cookies will not change
The quantity demand for cookies will increase
Increasing; decreasing
Decreasing; increasing
Elastic; inelastic
Inelastic; elastic