Demand Quizzes & Trivia

In a free market economy, prices are determined largely by supply and demand. Demand does not simply mean how much people want something. Economists consider demand to be a buyer’s willingness to pay for something. Did you know that when economists record changes in demand, it is called a demand schedule?

Do you know what it’s called when they plot that information on a graph? While some items affecting demand are hard to measure, like a consumer’s tastes. But can you list some of the measurable factors that economists use to predict demand? If you answered the good’s price, the price of related items, and disposable income, then you might be ready to test yourself! Take some of our quizzes and see how you measure up!
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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.

Questions: 9  |  Attempts: 8095   |  Last updated: Jan 7, 2013
  • Sample Question
    Fill in the blank According to ____________, when price decreases, demand rises, and when price increases, demand falls.

Read the powerpoint slides on demand and then attempt this short quiz. 

Questions: 15  |  Attempts: 292   |  Last updated: Sep 21, 2014
  • Sample Question
    What is the law of demand?

A short quiz on Price Elasticity of Demand for a high school Economics class.

Questions: 11  |  Attempts: 2125   |  Last updated: May 6, 2013
  • Sample Question
    If you slow down buying because of  a price increase, your demand is 

This short quiz serves as a test if you really understand the topic cause the answers in each question will be found in this chapter.

Questions: 6  |  Attempts: 58   |  Last updated: Dec 13, 2012
  • Sample Question
    It is the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price?

This quiz will cover consumer demand, the factors that affect demand, and demand elasticity. 

Questions: 25  |  Attempts: 292   |  Last updated: Nov 7, 2017
  • Sample Question
    This occurs when an increase in price decreases a consumer's real income, making that consumers feel poorer. 

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Demand Questions & Answers

What are the two types of pricing structures we use for lead generation programs?
Fixed cost (paying by agent hour; 168 billable hours/agent/month) or pay per performance. we will only engage in pay per performance programs if we have extensive experience in that market and have lots of comparable data to draw from, the client ha
What happens if you spend a very small proportion of your income on a product?
The demand for that product will tend to be price inelastic.
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