WorksheetsDemand
Total questions: 8
Worksheet time: 6mins
According to the law of demand, as price increases quanity demanded.....
Increases
Decreases
Stays the Same
All of the Above
The graphical representation of quantities demanded at each price by consumers....
Demand Schedule
Demand Curve
Supply Curve
Market Demand Schedule
Which of the following are not complementary goods?
iPhone and Charger
Snowboard and Boots
Bbq and Charcoal
Beef and Pork
Goods that are used in place of one another are referred to as these types of goods...
Substitute
Complementary
Elastic
Inelastic
The axis on a demand curve are labeled with the following two terms..
Supply and Demand
Price and Supply
Price and Quantity Demanded
Demand and Profit
What causes a change in quantity demanded?
Change in Price
Change in Price of a Substitute Good
Change in Amount of Customers
Change in Taste and Preference
When there is an increase of demand, what direction is the new demand curve drawn?
Right
Left
Up
Down
