Quantity Demanded Vs Demand [ncea Economics Level One + Two]

6 Questions | Total Attempts: 120

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Quantity Demanded Vs Demand [ncea Economics Level One + Two] - Quiz

Welcome to another awesome on-line quiz from EcoBizOnline. Com. The purpose of this quiz is to check your understanding of Quantity Demanded and Demand. If you are unsure of a question, just give it your best shot :) Remember all the resources on Aggregate Demand can be found at our website www. EcoBizOnline. Com.


Questions and Answers
  • 1. 
    Quantity Demanded: You must select three options.
    • A. 

      Supply to the extreme.

    • B. 

      Is the relationship between price and quantity demanded only.

    • C. 

      Is like a boss.

    • D. 

      Relates to a movement along the demand curve and a specific point on the demand curve.

    • E. 

      Requires a pHD to calculate

    • F. 

      If the price of a good or service changes, then we know we are dealing with a change in quantity demanded and a movement along the demand curve.

  • 2. 
    Demand:
    • A. 

      There are countless factors that could affect an individual’s willingness and ability to purchase a good or service.

    • B. 

      Is something I wish I could do right now, but I don't have a job ahhhhh.

    • C. 

      Will result in a shift to the right or left.

    • D. 

      Rocks my world.

    • E. 

      Does not relate to the price of the good or service that is being demanded.

  • 3. 
    Factors that affect demand:
    • A. 

      Changes in income.

    • B. 

      Changes in taxes.

    • C. 

      Changes in advertising.

    • D. 

      Changes in the price of substitutes.

    • E. 

      Changes in the price of complements.

    • F. 

      Changes in tastes and preferences.

    • G. 

      There are countless factors that affect demand [even the weather - in a storm, you will most likely demand an umbrella if you do not already have one]

  • 4. 
    This is a decrease in demand.
    • A. 

      True

    • B. 

      False

  • 5. 
    This is an increase in demand.
    • A. 

      True

    • B. 

      False

  • 6. 
    This is a decrease in quantity demanded.
    • A. 

      True

    • B. 

      False

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