Demand recap

Demand recap

10th - 12th Grade

12 Qs

quiz-placeholder

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Demand recap

Demand recap

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Hard

Created by

Annie Thomas

Used 13+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a diagram, D1 is the initial demand curve for student places at universities. D2 is the new demand curve which has shifted to the right. What could cause the demand curve to shift to D2?

a decrease in student fees for universities

a decrease in the level of youth unemployment

an increase in graduate earnings compared with non-graduate earnings

higher A Level grades demanded for university entrance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A rise in the price of a good is accompanied by an increase in the quantity demanded.

What could explain this?

Consumers spend a high proportion of disposable income on the good.

The price of a complementary good has also increased.

The price of the good is taken to be an indication of the level of quality.

The substitute goods are all very much more expensive.

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Demand indicates how much good or service consumers are both ___________and ________ to buy at each possible price (price level) during a given period,______________.

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The demand curve is a graph showing the relationship between the _________________________of a good and its ___________, ceteris paribus.

price

beauty

quality

quantity

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The graph is plotted with the prices of the good on the ____________ against the quantity demanded for the good on the ______________.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire to have some good or service and the ability to pay for it

supply

equilibrium

demand

quantity demanded

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The normal demand curve is ____________ sloping .

upward

downward

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