Consumer Behavior Quizzes, Questions & Answers

All Grades

Utility Analysis Quizzes

The Econ Chapter 21 quiz assesses understanding of key economic concepts like the diamond-water paradox, utility, and marginal utility. It explores how value is perceived and measu...

Questions: 60 | Attempts: 1464 | Last updated: Mar 20, 2025

Sample Question
1. The diamond-water paradox is the observation that

Those things that have the greatest price often have little value in exchange and those things that have the lowest price often have the greatest value in exchange.

Those things that have the greatest value in use often have little value in exchange and those things that have little value in use often have the greatest value in exchange.

Those things that have the least value in use often have little value in exchange and those things that have the greatest value in use often have the greatest value in exchange.

Those things that have the least price often have little value in exchange and those things that have the greatest price often have the greatest value in exchange.

Commerce My Pride Quiz Contest

Welcome! You are just 10 questions away from winning INR 11,000.

Questions: 10 | Attempts: 914 | Last updated: Mar 16, 2025

Sample Question
If Coke were to cut prices, what would be the most likely impact on Pepsi

Sales would remain unchanged

Sales would increase

Sales would decrease

Marginal/Cardinal Utility MCQ Quiz

Engage with foundational economics concepts through this Marginal\/Cardinal Utility MCQ Quiz, designed to test and enhance your understanding of utility in economic theory.

Questions: 5 | Attempts: 352 | Last updated: Mar 21, 2025

Sample Question
Which one do you like?

A

B

C

D

All Utility Analysis Quizzes

Indifference Curves Quizzes

Indifference Curve Consumer Equilibrium Quiz

This assessment focuses on the concept of consumer equilibrium through indifference curves. It evaluates your understanding of how consumers make choices based on their preferences...

Questions: 15 | Attempts: 24 | Last updated: Mar 25, 2026

Sample Question
What is the condition for consumer equilibrium in indifference curve analysis?

The consumer must be spending beyond their income to reach the highest possible indifference curve

The marginal rate of substitution equals the price ratio of the two goods, occurring at the point of tangency between the highest attainable indifference curve and the budget line

The consumer must be consuming equal quantities of both goods to achieve balanced satisfaction

The price of both goods must be equal for the budget line to be tangent to an indifference curve

Indifference Curve Properties Quiz: Learn Every Rule

This quiz focuses on the properties of indifference curves, assessing your understanding of key concepts like consumer preferences and utility maximization. It\u2019s relevant for ...

Questions: 15 | Attempts: 13 | Last updated: Mar 25, 2026

Sample Question
What does an indifference curve represent in consumer theory?

The budget constraint a consumer faces when purchasing two goods

The combination of two goods that maximizes a consumer's total spending

All combinations of two goods that provide a consumer with the same level of satisfaction or utility

The set of prices at which a consumer is indifferent between buying and not buying a good

Marginal Rate of Substitution Quiz: Crack the Slope?

This assessment focuses on the marginal rate of substitution, evaluating your understanding of how consumers make trade-offs between different goods. By analyzing scenarios and ans...

Questions: 15 | Attempts: 10 | Last updated: Mar 25, 2026

Sample Question
What does the marginal rate of substitution measure in consumer theory?

The rate at which market prices change when a consumer switches between two goods

The rate at which a consumer can exchange one good for another in the marketplace at current prices

The rate at which additional income shifts a consumer to a higher indifference curve

The rate at which a consumer is willing to give up one good in exchange for an additional unit of another good while maintaining the same level of utility

All Indifference Curves Quizzes

Marginal Utility Quizzes

Total Utility vs Marginal Utility Quiz

This assessment focuses on the concepts of total utility and marginal utility. It evaluates your understanding of how these economic principles influence consumer choices and satis...

Questions: 15 | Attempts: 16 | Last updated: Mar 25, 2026

Sample Question
What is total utility in economics?

The additional satisfaction a consumer gains from consuming one more unit of a good

The cumulative satisfaction a consumer receives from consuming all units of a good up to a given quantity

The price a consumer is willing to pay for the very first unit of a good

The average satisfaction per unit obtained from consuming a fixed quantity of a good

Law of Diminishing Marginal Utility Quiz

This quiz explores the Law of Diminishing Marginal Utility, assessing your understanding of how additional consumption impacts satisfaction. You'll evaluate key concepts such as ma...

Questions: 15 | Attempts: 12 | Last updated: Mar 25, 2026

Sample Question
What does the law of diminishing marginal utility state?

As a consumer earns more income, the total utility from consuming all goods increases at an increasing rate

As the price of a good falls, consumers buy more of it because each unit provides greater satisfaction

As a consumer continues to consume additional units of a good, the extra satisfaction gained from each successive unit eventually decreases

As the supply of a good increases in the market, the utility that consumers derive from it rises proportionally

Marginal Utility and Demand Curve Quiz

This quiz focuses on marginal utility and the demand curve, assessing your understanding of how consumer preferences influence purchasing decisions. You'll explore key concepts lik...

Questions: 15 | Attempts: 12 | Last updated: Mar 25, 2026

Sample Question
What is the fundamental link between marginal utility and a consumer's individual demand curve?

The demand curve reflects the total utility a consumer receives from all units consumed at any given price level

The demand curve is determined by the producer's cost structure and has no connection to consumer marginal utility

The demand curve shifts whenever marginal utility increases, causing the consumer to buy fewer units at higher prices

The demand curve reflects a consumer's diminishing marginal utility, showing that the maximum price they are willing to pay for each additional unit falls as more is consumed

All Marginal Utility Quizzes

Budget Constraint Quizzes

MacroEconomics - Chapter 10

This quiz assesses understanding of key macroeconomic concepts in Chapter 10, focusing on consumer spending, consumption, saving, and the relationship between income and spending. ...

Questions: 40 | Attempts: 1128 | Last updated: Mar 21, 2025

Sample Question
The most important determinant of consumer spending is

The level of household borrowing

Consumer expectations

The stock of wealth

The level of income

Budgeting And Saving Math Quiz

If you think you have a good head for numbers, why not try this budgeting and saving math quiz? This is a carefully designed quiz to take you through the process of budgeting your ...

Questions: 10 | Attempts: 679 | Last updated: Mar 22, 2025

Sample Question
If by the end of 12 months from now you want to save exactly $1000 and your monthly income is $1500 with the monthly expenditures being $1480, how much would you need to cut back on expenses?

$65

$64

$60

$80

Difference between Income Effect and Substitution Effect on Budget Quiz

This quiz evaluates your understanding of the difference between income effect and substitution effect on budget constraints. You'll explore how price changes impact consumer choic...

Questions: 16 | Attempts: 11 | Last updated: Apr 22, 2026

Sample Question
When the price of a good falls, the substitution effect encourages consumers to buy more of that good because it is now ______ relative to other goods.

Cheaper

All Budget Constraint Quizzes

Consumer Equilibrium Quizzes

Economics and Business Quiz

In business today, one has to have adequate knowledge of economics and how it affects businesses and their activities. There are some factors within the economy to watch out for if...

Questions: 10 | Attempts: 1607 | Last updated: Oct 18, 2025

Sample Question
Which of the following would be a topic emphasized in a microeconomics class?

How a nation's GDP is computed

The reason's why the unemployment rate for the economy is rising or falling

How market conditions determine the price of a specific product

How the government can use fiscal and monetary policies to stabilize the economy

Consumer Spending Constraint Quiz

This Consumer Spending Constraint Quiz tests your understanding of how consumers make spending decisions within their budget limits. You'll explore key concepts like utility, margi...

Questions: 15 | Attempts: 10 | Last updated: Apr 21, 2026

Sample Question
What is consumer equilibrium?

The point where a consumer gets maximum satisfaction from spending within their budget

When the price of goods equals their production cost

A state where all consumers spend equal amounts

When supply equals demand in the market

Optimal Consumer Choice Quiz

This Optimal Consumer Choice Quiz tests your understanding of consumer equilibrium and how individuals make purchasing decisions. You'll explore utility maximization, budget constr...

Questions: 15 | Attempts: 10 | Last updated: Apr 21, 2026

Sample Question
Consumer equilibrium occurs when the marginal utility per dollar spent is equal across all goods. What is this condition called?

Law of diminishing returns

Equimarginal principle

Income effect

Substitution effect

All Consumer Equilibrium Quizzes

Top Trending Consumer Behavior Quizzes

Needs & Wants

This quiz explores the basic economic concepts of needs and wants, differentiating between essential requirements and desires, and includes questions on economic resources and services.

Questions: 6 | Attempts: 4268 | Last updated: Oct 16, 2025

Sample Question
Things that are required in order to live are known as ....?

Wants

Needs

Goods

Services

Goods and Services Quiz

Explore the realm of economics with our engaging Goods and Services Quiz. Test your knowledge on the distinction between tangible goods and intangible services. Dive into questions that cover a wide spectrum, from identifying...

Questions: 10 | Attempts: 3745 | Last updated: Feb 22, 2025

Sample Question
What are tangible items that can be touched and owned?

Cars

Education

Music streaming

Healthcare

Are You A Smart Shopper?

Which is best to buy generic? Can you use that coupon? Where can the best deals be found? As you answer these questions see where you score as a smart shopper! Can you beat the best shopper? Or the worst? Find out with Smart...

Questions: 8 | Attempts: 4039 | Last updated: Oct 15, 2025

Sample Question
Which is a good generic buy while at the grocery store?

Cereals

Milk Organic

Pasta

Condiments

All the Above

Nominal and Real Values

This quiz on 'Nominal and Real Values' explores key economic concepts, distinguishing between nominal and real values of goods, effects of inflation, and calculations involving real wages. It assesses understanding of how money's...

Questions: 10 | Attempts: 212 | Last updated: Feb 15, 2025

Sample Question
Inflation can affect the real/nominal price

True

False

Review Quiz: Consumers, Producers and Efficiency Of Markets! Trivia

Choose the BEST answer. Read the explanation if there is.

Questions: 31 | Attempts: 1426 | Last updated: Mar 22, 2025

Sample Question
Positive statements answers the questions (what is) while normative statements answer the question (what should be).

True

False

Recent Consumer Behavior Quizzes

Understanding Economics: Key Concepts and Decision-Making Tools Quiz

Explore the fundamentals of economics, focusing on the production, distribution, and consumption of goods and services. This study aid addresses key economic concepts, agent interactions, and system functionality, enhancing...

Questions: 20 | Attempts: 12 | Last updated: Aug 4, 2025

Sample Question
What do trade-offs refer to?

Risk management

Time constraints

Money savings

Alternative choices

Microeconomic Principles: Elasticity and Market Behavior

Explore fundamental economic concepts in 'Econ Chapter 6', focusing on microeconomic principles and their applications. This assessment enhances understanding of market dynamics, consumer behavior, and economic decision-making,...

Questions: 26 | Attempts: 11 | Last updated: Aug 4, 2025

Sample Question
What does the price elasticity of demand coefficient measure?

The total revenue generated by a product

RESPONSIVENESS TO PRICE CHANGES.

The production cost of a good or service

The market share of a company

Understanding Consumer Sovereignty and Market Dynamics Quiz

Explore the concept of Consumer Sovereignty in Economics through this focused assessment. Understand how consumer choices influence market trends and economic policies. Ideal for learners aiming to grasp key economic principles...

Questions: 28 | Attempts: 11 | Last updated: Aug 4, 2025

Sample Question
Consumer sovereignty refers to:

The idea that resources should be allocated based solely on government regulations.

The idea that consumers have complete control over the prices of goods and services.

Idea that the decisions of producers and resource suppliers with respect to the kinds and amounts of goods produced must be appropriate to consumer demands.

The idea that producers dictate what consumers must purchase.

Quiz: How Much Do You Know About Buy Nothing Day?

Get ready to dive into the world of conscious consumerism and anti-consumerist activism with the Buy Nothing Day Quiz! This quiz is your chance to prove your knowledge about the movement that encourages us to reconsider our...

Questions: 10 | Attempts: 50 | Last updated: Oct 22, 2025

Sample Question
What is Buy Nothing Day?

A day to promote consumerism

A day of protest against consumerism

A day to encourage excessive spending

A day to boycott local businesses

Prelim Exam - Engineering Economics

NOTE: Please make sure you have a stable internet connection before trying to take this exam. And you are not allowed to switch tabs while taking this online assessment. When you accidentally click a new tab, you should quickly...

Questions: 10 | Attempts: 386 | Last updated: Mar 22, 2025

Sample Question
Optimal volume (demand) occurs when total costs equal total revenues. Is it true or false?

True

False

Re-exam Household Resources Management Final Exam

The 'Re-Exam Household Resources Management Final Exam' assesses knowledge on economic resources, equity financing, and the importance of time and education in achieving life goals. It is designed to enhance understanding of...

Questions: 30 | Attempts: 272 | Last updated: Jan 22, 2025

Sample Question
Resources which factors are used in producing goods or provides services

Information Resources

Economic Resources

Financial Resources

Time Resources

Producers and Consumers! Trivia Knowledge Quiz

Below is a trivia knowledge quiz on Producers and consumers. In a business setting, a producer is someone who manufactures goods for other people’s consumption or purchase. This is the first thing that a business student...

Questions: 7 | Attempts: 667 | Last updated: Feb 1, 2025

Sample Question
People who grow, make or sell products are called...………………….

Producers

Consumers

Goods

Services

Profit Loss Discount -practice

Dear Learner, This Assessment consists of questions to test your understanding on - Profit Loss Discount You may attempt the same and clarify doubts in WP Group ./ With your Faculty Member Regards, Team...

Questions: 19 | Attempts: 367 | Last updated: Mar 21, 2025

Sample Question
1/3 rd of a commodity is sold at 15% profit, 1/4 th is sold at 20% profit and the rest at 24% profit. If total profit of Rs 62 is earned , find the value of the commodity

300

310

320

340

Solutions Pre-intermediate Unit 7 Test Reading

This quiz assesses understanding of changes in UK shopping habits over decades, focusing on the evolution from individual shops to supermarkets and the recent trend back towards smaller, frequent shopping.

Questions: 7 | Attempts: 399 | Last updated: Apr 20, 2025

Sample Question
Shopping habits in the UK have changed over the last sixty years, and this can be seen in the changing appearance of any British high street – the main shopping street in a town or city. In the 1950s, high streets had rows of individual shops selling different things.1___ Most people did this every few days in order to buy fresh food. The high street was a sociable place to be.

A The idea was to get customers to spend all their money in one place.

B Customers knew exactly where to find the things they needed in each shop.

C And because of their size, many of these supermarkets were outside town.

D People loved it because they had never had the chance to do all their shopping there before.

E At the same time, more and more people had freezers in their houses.

F There was a greengrocer's next to a butcher's next to a baker's, and people visited each place to do their shopping.

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