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Factors Affecting Demand Quiz

Authored by Mr DEMANDANTE

History

12th Grade

Factors Affecting Demand Quiz
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the relationship between the price of a product and the quantity demanded?

No relationship

Exponential relationship

Direct relationship

Inverse relationship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does an increase in consumer income affect the demand for normal goods?

Demand becomes unpredictable

Demand decreases

Demand remains the same

Demand increases

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to the demand for a good if the price of its substitute rises?

Demand decreases

Demand becomes elastic

Demand increases

Demand remains unchanged

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor causes a movement along the demand curve?

Change in consumer tastes

Change in consumer income

Change in the number of consumers

Change in the price of the product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What effect does a larger population have on total demand?

Total demand decreases

Total demand remains the same

Total demand becomes volatile

Total demand increases

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do consumer expectations of future price increases affect current demand?

Current demand decreases

Current demand remains unchanged

Current demand increases

Current demand becomes unstable

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