WorksheetsMicroeconomics - Demand
Total questions: 20
Worksheet time: 7mins
If you make 100 copies of an item, but nobody wants to buy it, what will you have to do to the price?
decrease it
increase it
nothing
The diagram represents
increase in demand
decrease in demand
What factor is most likely to cause an increase in demand for a new type of automobile?
A commercial in which the car is endorsed by a popular celebrity
A comedian making fun of the car on late-night TV
A rumor that the car's gas tank is prone to explosion
The price of the car going up
Which condition would lead to the highest prices?
Low supply, high demand
High supply, high demand
High supply, low demand
Low supply, low demand
The amount purchased at a SPECIFIC price is called
Demand
Quantity demanded
The amount of a good purchased at various prices is called
Quantity demanded
Demand
You've skipped breakfast and lunch. At dinnertime, is your demand for pizza higher, lower or the same as normal?
Higher
Lower
Neither
Which is a good excuse to show up late to Economics class?
The supply of alarm clocks was too low
You demanded that your parents set up the Zoom, but they didn't listen
The opportunity cost was too high
There is no excuse to show up late to Economics class!
