Free Printable Consumer behaviour

Worksheets

Consumer behaviour

Total questions: 20

Worksheet time: 11mins

Name

Class

Date

The desire to own a product and the willingness to pay for it. This is the definition for:

Supply

Elasticity

Market

Demand

What is Equilibrium Price?

Where the level of demand matches the level of supply at that price

When all suppliers sell the same amount of a product

When the price of printer goes down, what probably happens to the demand for toner?

The demand for toner increases

The demand for toner decrease

The change in the price of printer has no effect on the demand for toner

If everyone thinks that the price of chicken will go up next week, what is likely to happen to demand for chicken today?

The demand for chicken increases

The demand for chicken decrease

Expectations about the price of chicken has no effect on the demand for tomatoes today

The diagram represents a

increase in demand

decrease in demand

Consider the market for cars in Hong Kong. If the price of gasoline increases then the Demand for cars will

increase

decrease

An decrease in demand for iPhones in HK could be caused by a(n)

increase in price for Samsung Galaxy

increase in population in HK

the price for iPhones is expected to increase next week

the price of iPhone apps increased

A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in

market size

price of a substitute good

price of a complementary good

tastes and preferences

What factor could have caused the demand to decrease?

incomes increased

expectation that prices will increase

a decrease in the price of a substitute

increase in market size

10.

The diagram represents a

increase in demand

decrease in demand

change in quantity demand

none of the above

11.

A good used in place of another good to meet the same need is called

Complementary good

Capital Good

Substitute Good

Consumer Good

12.

The desire to have some good or service and the ability to pay for it

supply

equilibrium

demand

quantity demanded

13.

All of the following are determinants of demand except...

consumer income

number of suppliers

consumer tastes

outlook of the future by the consumer

14.

Amazon Prime is selling tablets. There are only a few left and they are very popular. What will happen to the price?

The price will go up.

The price will go down.

15.

a person or company that makes, grows, or supplies goods to sell is called the?

damand

price

producer

shortage

16.

The week before Halloween, pumpkin patches all around the country sell lots of pumpkins. What will happen to the price of pumpkins on the day after Halloween?

The price will go up.

The price will go down.

17.

Millions of people see a famous sports star drinking apple juice on television. The fans think apple juice helps make the athlete strong. What will happen to the price of apple juice?

The price will go up.

The price will go down.

18.

The amount of goods or services available is called?

supply

demand

producer

consumer

19.

Point at which supply and demand come together

price ceiling

excess demand

equilibrium

disequilibrium

20.

Equilibrium in a market means which of the following?

the point at which quantity supplied and quantity demanded are the same

the point at which unsold goods begin to pile up

the point at which suppliers begin to reduce prices

100 %

Consumer behaviour

Total questions: 20

Worksheet time: 11mins

Similar Resources on Wayground