Microeconomics quiz

Microeconomics quiz

University

15 Qs

quiz-placeholder

Similar activities

Elasticity-Part Three

Elasticity-Part Three

University

10 Qs

Microeconomics

Microeconomics

KG - University

10 Qs

Introduction to Price Elasticity of Demand

Introduction to Price Elasticity of Demand

8th Grade - University

12 Qs

Progress test 1 revision

Progress test 1 revision

University

20 Qs

Lesson 3. Demand and determinants of demand

Lesson 3. Demand and determinants of demand

University

10 Qs

Elasticity, Consumer and Household Behaviour

Elasticity, Consumer and Household Behaviour

University

10 Qs

Income Elasticity of Demand (YED)

Income Elasticity of Demand (YED)

8th Grade - University

13 Qs

PRS PDHR ECONOMICS

PRS PDHR ECONOMICS

University

20 Qs

Microeconomics quiz

Microeconomics quiz

Assessment

Quiz

Business

University

Hard

Created by

Dilshoda Rahmonova

Used 47+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It shows the relationship between the quantity demanded of a good and its price, all other influences on consumers’ planned purchases remaining the same.

a) Supply curve

b) Demand curve

c) Consumer curve

d) Producer curve

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______is a good that can be used in place of another good.

a) Normal goods

b) Complement

c) Inferior goods

d) Substitute

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

“Other things remaining the same, the higher the price of a good, the greater is the quantity supplied”. This is definition for what?

a) Law of economics

b) Law of demand

c) Law of supply

d) Consumer law

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As you know from the lecture, the supply of goods depends on several factors. Which of the following IS NOT RELEVANT to these factors ?

a) The price of the good

b) The prices of factors of production

c) The number of suppliers

d) The number of residents

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A movement along the supply curve shows a change in the quantity demanded.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the price of a good changes but everything else remains the same, there is a movement along the demand curve.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the price at with the quantity demanded equals the quantity supplied.

a) Equilibrium number

b) Equilibrium quantity

c) Equilibrium price

d) Equilibrium ratio

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?