WorksheetsDemand
Total questions: 16
Worksheet time: 7mins
Demand means
the amount of a good or service that consumers are willing and able to buy.
is the amount of a good or service produced.
is the price that is demanded by consumers.
None of the above.
What does the law of demand say
consumers will buy less of something when price goes down.
consumers will buy more of something when price increases.
consumers will buy more of something when prices go down.
None of the above.
If the price of a good or service decreases what will happen to the demand for it?
increase
decrease
stay the same
who knows
If the price of a good or service increases what will happen to the demand for it?
increase
decrease
stay the same
who knows
If the price of printers goes down, what happens in the market for ink cartridges?
Supply increases.
Supply decreases.
Demand increases.
Demand decreases
What goes on the horizontal axis (x axis) of a demand graph?
price
quantity demanded
quantity supplied
change in demand
If Mary used to buy 10 units at $4 each and now buys 15 units when the price is $3, her
quantity demanded has increased
quantity demanded has decreased
supply has increased
supply has decreased
Which of these best describes the law of demand?
if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up
if prices go up, quantity demanded will also go up and if prices go down, quantity demanded will also go down
there is no law of demand, each situation is unique and demand and prices cannot be predicted
prices will go up for certain goods when quantity demanded goes up and vice versa
Demand Curves
slope upward from left to right
slope downward from left to right
show a positive relationship
slope downward from right to left
In economics, demand means
willingness and desire to buy a good
willingness and ability to buy a good
ability to buy a good
willingness to buy a good
This image best represents:
An increase in demand
A decrease in demand
A decrease in quantity demanded
An increase in quantity demanded
