Demand & Supply Quizzes, Questions & Answers

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Popular Demand & Supply Topics

Law of Demand

Law Of Demand (5)

Law of Supply

Law Of Supply (5)

Market Equilibrium

Market Equilibrium (13)

Shifts & Movements

Shifts & Movements (5)

Determinants of Demand

Determinants Of Demand (5)

Determinants of Supply

Determinants Of Supply (5)

Law Of Demand Quizzes

law of demand quiz questions with answers

Looking for the law of demand practice quiz questions with answers? You have reached the right place. Take this quiz and test your knowledge regarding demand-supply. Law of demand ...

Questions: 10 | Attempts: 14008 | Last updated: Aug 21, 2025

Sample Question
According to ____________, when price decreases, demand rises, and when price increases, demand falls.

The Law of Diminishing Marginal Utility

Adam Smith

The Law of Demand

The elasticity of demand

Demand Schedule and Price Quiz

This Demand Schedule and Price Quiz helps students understand how prices and consumer demand are connected. You'll explore key economics concepts like the law of demand, demand sch...

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

Sample Question
What does the law of demand state?

When price increases, quantity demanded decreases

When price increases, quantity demanded increases

Price and demand are unrelated

All products follow the same demand pattern

Difference between Individual and Market Demand Quiz

This quiz tests your understanding of the law of demand and the difference between individual and market demand. Learn how consumer behavior changes with price, how individual dema...

Questions: 15 | Attempts: 14 | Last updated: Apr 21, 2026

Sample Question
The law of demand states that as the price of a good increases, the quantity demanded will ____.

Decrease

All Law Of Demand Quizzes

Law Of Supply Quizzes

Supply and Demand Quiz

The 'Supply and Demand Quiz' tests understanding of basic economic principles such as markets, demand, supply, and price mechanisms. It assesses the ability to identify and explain...

Questions: 10 | Attempts: 1923 | Last updated: Mar 21, 2025

Sample Question
A group of people buying and selling goods or services. This is the definition for:

Demand

Equilibrium

Market

Supply

How well do you know The Law Of Supply?

Do you understand the law of supply well? With this law of supply quiz, you can see how updated your knowledge is. The law of supply is about the fundamental principle of economic ...

Questions: 10 | Attempts: 207 | Last updated: Oct 16, 2025

Sample Question
What does the 'Law of Supply' state?

As prices decrease, supply increases.

As price increases, quantity demanded decreases.

As price increases, supply increases.

As price decreases, quantity demanded decreases.

Economics Supply Fundamentals Quiz: Chapter 5 Section 1

Enhance your understanding of Supply Economics with our focused quiz. It assesses key concepts from Chapter 5 Section 1, ideal for students preparing for advanced placements or int...

Questions: 10 | Attempts: 88 | Last updated: Aug 04, 2025

Sample Question
What is supply?

The amount of a product that could be bought at all possible prices that could prevail in the market

The quantity of a product available for sale in the market.

The demand for a product in the market.

The price at which a product is sold in the market.

All Law Of Supply Quizzes

Market Equilibrium Quizzes

Price Determination In Market: Quiz!

This quiz titled 'Price Determination In Market' assesses understanding of market equilibrium, marginal revenue, and profit maximization. It challenges learners to apply economic p...

Questions: 90 | Attempts: 1279 | Last updated: Mar 22, 2025

Sample Question
In the table below what will be equilibrium market price? Price Demand(tonnes per annum) Supply(tonnes per annum) 1 1000 400 2 900 500 3 800 600 4 700 700 5 600 800 6 500 900 7 400 1000 8 300 1100

Rs.2

Rs.3

Rs.4

Rs.5

PRACTICE QUIZ CHP 8

The 'PRACTICE QUIZ CHP 8' assesses understanding of microeconomic concepts such as profit maximization, revenue curves, and competitive market conditions. It tests skills in applyi...

Questions: 30 | Attempts: 960 | Last updated: Mar 22, 2025

Sample Question
If managers do not choose to maximize profit, but pursue some other goal such as revenue maximization or growth,

They are more likely to become takeover targets of profit-maximizing firms

Their companies are more likely to survive in the long run

They are more likely to have higher profit than if they had pursued that policy explicitly

They are less likely to be replaced by stockholders

Equilibrium science quiz questions

Explore the dynamics of market equilibrium through this engaging quiz. Assess your understanding of equilibrium prices and quantities, market responses to shortages, and the mechan...

Questions: 23 | Attempts: 750 | Last updated: Mar 21, 2025

Sample Question
(Figure: Equilibrium) Refer to the figure. The equilibrium price (in $) is:

8

10

16

12

All Market Equilibrium Quizzes

Shifts and Movements Quizzes

Demand Shift vs Movement Quiz: Do You Know the Gap?

This assessment focuses on the differences between demand shifts and movements along the demand curve. It evaluates your understanding of key economic concepts, helping you grasp h...

Questions: 15 | Attempts: 28 | Last updated: Mar 25, 2026

Sample Question
What is the key difference between a shift in demand and a movement along the demand curve?

A shift is caused by a price change, while a movement is caused by income changes

A movement is caused by a change in the price of the good, while a shift is caused by non-price factors

Both are caused by changes in the number of consumers

Both are caused by changes in production costs

Equilibrium Price Change Quiz: Master Market Pricing

This assessment focuses on understanding how equilibrium price changes affect market dynamics. You will explore key concepts such as supply and demand shifts, price elasticity, and...

Questions: 15 | Attempts: 17 | Last updated: Mar 25, 2026

Sample Question
What happens to the equilibrium price when demand increases and supply remains constant?

Equilibrium price falls

Equilibrium price remains unchanged

Equilibrium price rises

Equilibrium price becomes indeterminate

Demand Curve Shift Quiz: What Really Makes It Move?

This quiz explores the factors that cause shifts in the demand curve, evaluating your understanding of key economic concepts. By assessing your knowledge of demand determinants, yo...

Questions: 15 | Attempts: 14 | Last updated: Mar 25, 2026

Sample Question
What causes the demand curve to shift to the right?

A decrease in consumer income

An increase in the number of buyers in the market

A rise in the price of the good

A decrease in consumer preferences for the good

All Shifts and Movements Quizzes

Determinants Of Demand Quizzes

Econ Review Part 3

This quiz, titled 'Econ Review Part 3', tests understanding of price elasticity concepts in microeconomics, featuring calculations and theory-based questions.

Questions: 18 | Attempts: 841 | Last updated: Mar 21, 2025

Sample Question
If the price of a hotel room increases from $70 to $85 and the number of rooms booked decreases from 200 to 150, what would the price elasticity of demand equal? (absolute value)

0.68

0.91

1.10

1.48

EC 201 Exam 2 P

The EC 201 Exam 2 P focuses on fundamental economic concepts such as supply, demand, and equilibrium. It evaluates understanding through scenarios and graphical data interpretation...

Questions: 34 | Attempts: 794 | Last updated: Mar 21, 2025

Sample Question
The most important concepts in economics, according to the textbook, are supply, demand, and the

Idea of equilibrium.

Opportunity to barter.

Quantity of sales.

The level of prices.

Mastering Price Elasticity of Demand: An Interactive Quiz

Explore the concept of price elasticity of demand in this focused assessment. Understand how price changes influence consumer demand and apply this knowledge to real-world economic...

Questions: 29 | Attempts: 78 | Last updated: Aug 04, 2025

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

The quantity demanded at a specific price point

The total revenue generated from sales

The production costs of the goods or services

Buyer responsiveness to price changes.

All Determinants Of Demand Quizzes

Determinants Of Supply Quizzes

Technology and Supply Change Quiz: Learn How It Shifts

This assessment explores how technology transforms supply chain dynamics. You'll evaluate key concepts like automation, data analytics, and logistics optimization. Understanding th...

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

Sample Question
How does improved production technology generally affect the supply of a good?

It reduces consumer demand for the good

It causes the price of the good to rise immediately

It decreases supply by making processes more complicated

It increases supply by making production more efficient and less costly

Production Cost Supply Shift Quiz: Learn Cost Effects

This assessment focuses on understanding how production costs influence supply shifts in the market. It evaluates your knowledge of key concepts such as cost structures, supply dyn...

Questions: 15 | Attempts: 11 | Last updated: Mar 25, 2026

Sample Question
When the cost of producing a good increases, what is the expected effect on the supply curve?

The supply curve shifts to the right as producers try to recover their losses through higher output

The supply curve shifts to the left as higher costs reduce profitability and producers supply less

The supply curve remains unchanged because only demand determines market outcomes

The supply curve moves upward along the same position without shifting

Input Cost Effect on Supply Quiz: Master Supply Shifts

This assessment focuses on how input costs influence supply dynamics. It evaluates your understanding of supply shifts in response to changes in production costs, helping you grasp...

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

Sample Question
What happens to the supply of a good when the cost of inputs used to produce it increases?

Supply decreases because production becomes more expensive, shifting the supply curve to the left

Supply increases because producers want to earn more revenue

Supply stays the same because input costs do not affect output decisions

Supply increases because producers reduce their prices

All Determinants Of Supply Quizzes

Top Trending Demand & Supply Quizzes

Microeconomics Knowledge Test! Practice Quiz! Trivia

If you are an economics student, then you must know that economics is all about supply, demand, and maximizing income, be it in a business or a country. Have you been having a hard time revising for your microeconomics course...

Questions: 10 | Attempts: 37082 | Last updated: Sep 9, 2025

Sample Question
What Microeconomics is about?

Study of Business Environment.

Study of financial position of the economy.

Study of the Economy at Micro Level.

None of the above.

Demand & Supply

This quiz covers the basics of demand & supply. All questions come from your Introduction to Demand, Introduction to Supply, and Determining Price Notes. You will have 1 minute to answer each question.

Questions: 10 | Attempts: 19098 | Last updated: Oct 22, 2025

Sample Question
Which of the following is not a component of demand?

Desire

Surplus

Ability

Willingness

Supply and Demand - Practice Quiz

Supply and demand affects the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. This is the major market driver and hence necessary to know about.

Questions: 10 | Attempts: 8450 | Last updated: Mar 21, 2025

Sample Question
A group of people buying and selling goods or services. This is the definition for:

Demand

Equilibrium

Market

Supply

Price Elasticity Of Demand Quiz: Economics Concepts

Explore key concepts of elasticity through this focused quiz. Assess your understanding of how price and income changes impact demand, with scenarios ranging from government policies to student spending habits. Essential for...

Questions: 11 | Attempts: 4318 | Last updated: Mar 22, 2025

Sample Question
When quantity demanded falls more than proportionally in response to a price increase then demand is

Elastic

Inelastic

Unitary

Infinitely inelastic

Permintaan Dan Penawaran

This quiz focuses on the fundamental economic principles of demand and supply, exploring laws, factors influencing market dynamics, and elasticity of demand through various questions.

Questions: 10 | Attempts: 861 | Last updated: Mar 22, 2025

Sample Question
1. Dari pernyataan-pernyataan dibawah ini yang merupakan bunyi hukum permintaan adalah …

Perubahan harga berbanding dengan perubahan permintaan.

Perubahan harga sejalan dengan perubahan permintaan.

Harga naik permintaan naik.

Harga turun permintaan turun.

Harga naik permintaan turun

Popular Demand & Supply Quizzes

Economics Quiz: Test On Microeconomics! Trivia

Microeconomics is a division of economics that studies individuals' and firms' behavior in making decisions regarding the distribution of scarce resources and the interactions among these entities and corporations. The...

Questions: 10 | Attempts: 11428 | Last updated: Mar 21, 2025

Sample Question
If the demand curve for good X is downward-sloping, an increase in the price will result in

An increase in the demand for good X.

A decrease in the demand for good X.

No change in the quantity demanded for good X.

A larger quantity demanded for good X.

A smaller quantity demanded for good X.

A Microeconomics Quiz On Supply and Demand

In the study of business and microeconomics, you’ll come across the terms “supply and demand” fairly often. It’s the concept by which we judge how much of a particular good or service the market can...

Questions: 35 | Attempts: 5714 | Last updated: Oct 12, 2025

Sample Question
A perfectly competitive market consists of products that are all slightly different from one another

True

False

Recent Demand & Supply Quizzes

Economics Quiz: Test On Microeconomics! Trivia

Questions: 10 | Attempts: 11428 | Last updated: Mar 21, 2025

Sample Question
If the demand curve for good X is downward-sloping, an increase in the price will result in

An increase in the demand for good X.

A decrease in the demand for good X.

No change in the quantity demanded for good X.

A larger quantity demanded for good X.

A smaller quantity demanded for good X.

A Microeconomics Quiz On Supply and Demand

Questions: 35 | Attempts: 5714 | Last updated: Oct 12, 2025

Sample Question
A perfectly competitive market consists of products that are all slightly different from one another

True

False

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