Law Of Demand Quizzes, Questions & Answers

Dive into the fascinating world of economics with our Law of Demand quiz. Read more

Law Of Demand Quizzes By Grade

Top Trending 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 is a basic principle of economics. This quiz is...

Questions: 10 | Attempts: 12684 | Last updated: Aug 21, 2025

Sample Question 1
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

Sample Question 2
______________ is the willingness to buy a product and the ability to pay for it.

Quantity

Demand

The Law of Demand

Elasticity

Sample Question 3
What kind of shift in demand does this graph show?

An increase in demand

A decrease in demand

Slightly increase in demand

Saturation point