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WorksheetsMEFA - Quiz 1.3 Types of Demand
Total questions: 15
Worksheet time: 8mins
1. Consumer goods are products that are purchased for personal use and Consumer goods are the goods finally used by the consumers to satisfy their wants
A. YES
B. NO
C. MAY BE
D. NONE OF THE ABOVE
2. Producer goods, also called (a) goods, in economics, goods manufactured and used in further manufacturing, processing, or resale
3. WHAT IS AUTONOMOUS DEMAND?
This is the demand for products and services that is influenced or determined by other goods
This is the demand for products and services that is not influenced or determined by other goods
None of the above
4. Derived demand—in economics—is the demand for a good or service that results from the demand for a different, or related, good or service
Yes
No
5. When the demand for building leads to create demands for cement, bricks, sand, timber, labour, etc., are is called
A. Autonomous Demand and
B. Derived Demand
C. Consumer Demand
D. None of the above
6• Durable goods are those which give service relatively for ..........
A. a long time
B. Short time
C. Medium term
D. Non of the above
7. Perishable goods are consumed where in durable goods are used
A. TRUE
B. FALSE
8. Those goods which are which can be consumed only once is called are known as ______________
A. Durable Goods
B. Perishable Goods
C. None of the above
9. Market demand for the commodity produced by a particular firms is called
A. Industry demand
B. Firm demand
c. Market Demand
d. None of the above
10. Firm demand is less elastic in short run and Industry demand is less elastic in short run
A. TRUE
B. FALSE
11. Demand of a Good or services is more than one year is called
A. Short run demand
B. Long run demand
C. None of the above
D. Both A and B
12. Demand created When the item purchased to maintain the asset in good condition or replacing the existing one is called as.......
A. New Demand
B. Existing Demand
C. Replacement Demand
D. New Product Demand
13. The total demand for a product in a region in known as ________
A. Total Market Demand
B. Segment Market Demand
C. New Demand
D. None of the above
14. What is the term for the demand that arises from the demand for another product?
A. Independent Demand
B. Joint Demand
C. Complementary Demand
D. Derived Demand
16. What is the term for the total demand for a product in the entire market?
A. Total Market Demand
B. Segment Market Demand
C. Aggregate Demand
D. Overall Demand
