Demand and Supply

Demand and Supply

University

6 Qs

quiz-placeholder

Similar activities

PM TKA

PM TKA

2nd Grade - University

10 Qs

Intro to Art Chapter 6

Intro to Art Chapter 6

University

10 Qs

T.Y.B. Com: Business Economics VI

T.Y.B. Com: Business Economics VI

University

10 Qs

Water based paint

Water based paint

University

10 Qs

Photoshop Shortcuts

Photoshop Shortcuts

7th Grade - University

10 Qs

Principles of Marketing

Principles of Marketing

University

10 Qs

Microeconomics 1

Microeconomics 1

University

10 Qs

Film Production 1 (pre-production)

Film Production 1 (pre-production)

University

10 Qs

Demand and Supply

Demand and Supply

Assessment

Quiz

Arts

University

Practice Problem

Hard

Created by

Dinesh Raj Subedi

Used 18+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Law of demand is.......

Inverse relationship between price and quantity

Positive relationship between price and quantity

Forward relationship between price and quantity

Backward relationship between price and quantity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nature of demand curve is ....

Left to right upward

Left to right downward

Parallel to X-axis

Parallel to Y-axis

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market demand is obtained by ?

Vertical summation of individual demand

Horizontal summation of individual demand

Multiplying individual demand

Dividing individual demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price elasticity of demand is defined as .....

Percentage Change in quantity demanded by percentage change in price

Percentage Change in price by percentage change in quantity demanded

Percentage change in supply by change in price

Change in price and change in supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quantity change is greater than the price change, the elasticity is ....

Less elastic

Unitary elastic

More elastic

Perfectly inelastic

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the price of a commodity is more than the equilibrium price then ....

D = S

D < S

D > S

D - S = 0

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?