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Microeconomics Quizzes & Trivia

Our newest quiz is about that part of economics that studies the behavior of individuals and small players on the market. If you’ve studied it in college then there is no way you cannot get to the bottom of it. Our questions will not be impossible to answer but you will need to remember some of those things that you learned about in those years.

Here are some of the questions we’ve got in store for you: To what types of markets does microeconomics usually apply? The theory of supply and demand usually assumes that the markets are perfectly what? The measurement of how responsive an economic variable is to a change in another variable is called what? Show us your microeconomics skills and make it to first place.
Top Trending Quizzes

The PPC or production possibility curve/ frontier is a presumptive depiction of the different conceivable combinations of two goods that can be produced within the given available resource. This quiz has around twelve questions...

Questions: 12  |  Attempts: 13190   |  Last updated: Sep 28, 2020
  • Sample Question
    Which of the following best describes the three fundamental economic questions?

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: 3773   |  Last updated: Aug 21, 2020
  • Sample Question
    A perfectly competitive market consists of products that are all slightly different from one another

Microeconomics Quiz: Elasticity & Its Application. Demand and supply are what holds a market, and elasticity is the measure through which variable changes as a result of another variable. Demand can either be elastic or...

Questions: 26  |  Attempts: 5650   |  Last updated: Dec 15, 2020
  • Sample Question
    If the quantity demanded of a good is sensitive to a change in the price of that good, demand is said to be price inelastic. 

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: 29096   |  Last updated: Jun 24, 2020
  • Sample Question
    What Microeconomics is about?

This is an introduction to microeconomics quiz. The study of microeconomics is a branch of economics. It's the study of how we produce, distribute, and consume goods and services, but the difference is that microeconomics...

Questions: 10  |  Attempts: 2707   |  Last updated: Dec 18, 2020
  • Sample Question
    Microeconomics focuses on ...................................... .
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Popular Quizzes

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: 29126   |  Last updated: Jun 24, 2020
  • Sample Question
    What Microeconomics is about?

The PPC or production possibility curve/ frontier is a presumptive depiction of the different conceivable combinations of two goods that can be produced within the given available resource. This quiz has around twelve questions...

Questions: 12  |  Attempts: 13236   |  Last updated: Sep 28, 2020
  • Sample Question
    Which of the following best describes the three fundamental economic questions?

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: 10557   |  Last updated: May 25, 2021
  • Sample Question
    If the demand curve for good X is downward-sloping, an increase in the price will result in

Microeconomics Quiz: Elasticity & Its Application. Demand and supply are what holds a market, and elasticity is the measure through which variable changes as a result of another variable. Demand can either be elastic or...

Questions: 26  |  Attempts: 5671   |  Last updated: Dec 15, 2020
  • Sample Question
    If the quantity demanded of a good is sensitive to a change in the price of that good, demand is said to be price inelastic. 

The Costs of Production

Questions: 26  |  Attempts: 4244   |  Last updated: Sep 24, 2020
  • Sample Question
    Total revenue equals the quantity of output the firm produces times the price at which it sells its output

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: 3802   |  Last updated: Aug 21, 2020
  • Sample Question
    A perfectly competitive market consists of products that are all slightly different from one another