Introduction to Demand

Introduction to Demand

10th - 12th Grade

15 Qs

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Introduction to Demand

Introduction to Demand

Assessment

Quiz

Other

10th - 12th Grade

Practice Problem

Medium

Created by

Farhan Khan

Used 29+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

If a person is willing to purchase a product but is not able to purchase it, it won't be considered as demand.

True

False

2.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

if a person is able to purchase a certain quantity of a product but is not willing to purchase it, this won't be considered demand.

True

False

3.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

The demand of a single consumer or producer is called ___________

My Demand

Individual Demand

Personalized Demand

Constructive Demand

4.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

Demand is a combination of:

A. Desire

B. Ability/Capacity

C. Willingness/Readiness

A & B

B & C

A & C

A, B & C

5.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

If the price of Frozen Yogurt increased then the demand for ice cream will

Increase

Decrease

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Substitute Goods are the goods that:

Go hand in hand with other products

Are used independently

can replace or be used instead of a product

7.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

Which of the following is termed as an example of Substitute Goods

Petrol and Car

Ink and Pen

Tea and Coffee

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