WorksheetsEconomics
Total questions: 10
Worksheet time: 5mins
State the types of demand.
1
2
3
4
The law of demand states the___ relationship between price and quantity demanded, keeping other factors constant.
Competitive
Downward
Inverse
Normal
In case of expansion in demand, there is a____ movement along the same demand curve.
Upward
Rightward
Leftward
Downward
____ is also known as decrease in quantity demanded.
Contraction in demand
Expansion in demand
Rightward
Leftward
A rise in price of tea will lead to an____movement in the demand curve of tea.
Downward
Rightward
Leftward
Upward
Expansion in denand leads to an upward movement along the same demand curve.
True
False
Market demand curve is obtained by vertical summation of individual demand curves.
True
False
Due to increase in one more member, the family expenditure on milk increased. It is an example of extension in demand.
True
False
Size and composition of population affect the demand for an individual.
True
False
The demand for a commodity always increases with increase in the price of other goods.
True
False
