Draw me a Demand Curve

Draw me a Demand Curve

11th Grade

7 Qs

quiz-placeholder

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Draw me a Demand Curve

Draw me a Demand Curve

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Easy

Created by

Raninikura Kapa

Used 2+ times

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7 questions

Show all answers

1.

DRAW QUESTION

3 mins • 3 pts

Draw a change in consumer preference from petrol cars to electric cars

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Answer explanation

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A change in consumer taste or preference will make a shift in demand for example the consumer preference for electric cars will increase demand for electric cars (a shift to the right) and a decrease in demand for petrol cars (a shift to the left)

2.

DRAW QUESTION

3 mins • 3 pts

Draw a demand curve showing the increase of income for consumer choice of cars

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Answer explanation

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An increase in income means consumers are able to afford more goods or more expensive goods hence the increase in demand and a shift to the right.

3.

DRAW QUESTION

3 mins • 3 pts

Draw a demand curve that shows price change of staplers from $8 to $10

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Answer explanation

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The Law of Demand states that as price increases (P1-P2), quantity demanded (Q1-Q2) decreases and vice versa and with all other factors remaining the same (ceteris paribus).

4.

DRAW QUESTION

3 mins • 3 pts

Draw a change in the demand curve that shows the price increase of substitues of Croc shoes over Jandals

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5.

DRAW QUESTION

3 mins • 3 pts

Draw demand curve that shows the price increase of Mince pies from $6 to $10

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6.

DRAW QUESTION

3 mins • 6 pts

Draw a demand curve showing the price decrease of nail polish remover AND the demand curve for nail polish

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7.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

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