Chapter 03- Fun Quiz

Chapter 03- Fun Quiz

University

16 Qs

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Chapter 03- Fun Quiz

Chapter 03- Fun Quiz

Assessment

Quiz

Social Studies

University

Practice Problem

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Munshinaser eco

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

movement along the demand curve means

a decrease in supply
a shift in consumer preferences
an increase in overall demand
a change in quantity demanded due to a change in price

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a rightward shift in the demand curve indicate?

a decrease in consumer income

an increase in the price of substitutes

an increase in quantity demanded at every price

a decrease in the number of buyers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors can lead to a movement along the demand curve?

a change in consumer income

a change in the price of the good

a change in consumer expectations

a change in the number of sellers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a decrease in the price of a good affect the quantity demanded?

it decreases the quantity demanded

it has no effect on quantity demanded

it increases the quantity demanded

it shifts the demand curve to the left

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

shift in demand curve means

A change in demand at all price levels.
A change in consumer preferences at one price level.
A decrease in quantity supplied.
An increase in price only.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can cause a leftward shift in the demand curve?

an increase in consumer income

a decrease in the price of substitutes

a decrease in consumer preferences

an increase in the number of buyers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the law of demand?

As price increases, quantity demanded decreases.

As price decreases, quantity supplied decreases.

As income increases, demand decreases.

As the number of sellers increases, demand increases.

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