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!

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: 2534   |  Last updated: Jan 7, 2013
  • Sample Question
    Fill in the blank According to ____________, when price decreases, demand rises, and when price increases, demand falls.

Questions: 10  |  Attempts: 76   |  Last updated: Dec 14, 2016
  • Sample Question
    In relation to demand based stock levels, ____________ determines what items need to be stocked.

This test is prepared in order to measure the awareness of the Demand Planners before integration tests. The results of this test are going to be used to define the training requirements of users and...

Questions: 25  |  Attempts: 50   |  Last updated: Jul 30, 2011
  • Sample Question
    The MMS KPI's defined for Demand Planning are:(You can select more than one answer) (MMS: Minimum Mandatory Standards, KPI: Key Performance Indicator)

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

Questions: 15  |  Attempts: 28   |  Last updated: Sep 21, 2014
  • Sample Question
    What is the law of demand?

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

Questions: 25  |  Attempts: 26   |  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 is an example of change in demand?
Change in quantity demanded Change in demand
What is the substitution effect?
A change in the amount of a product consumers buy because they buy other similar goods