Law of Demand practice

Law of Demand practice

11th Grade

13 Qs

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Law of Demand practice

Law of Demand practice

Assessment

Quiz

Financial Education

11th Grade

Practice Problem

Medium

Created by

Clark Wehmeier

Used 3+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a change in quantity demanded refer to?

A shift in the demand curve caused by changes in income

A movement along the supply curve

A movement along a fixed demand curve caused by a change in price

A change in the quantity supplied

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What causes a change in demand?

A change in the quantity supplied

A movement along the demand curve

Shifters such as income, preferences, and changes in the price of related goods

A change in price

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can cause a shift in the demand curve?

A change in price alone

A change in quantity demanded

Changes in variables other than price or quantity

A movement along the supply curve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is a change in income represented on a demand curve?

As a change in quantity supplied

As a change in price

As a shift in the entire demand curve

As a movement along the curve

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a movement along a fixed demand curve indicate?

A shift in the supply curve

A change in demand

A change in income

A change in the quantity demanded

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an easy way to remember the difference between a change in quantity demanded and a change in demand?

By focusing on changes in supply

By tracking changes in price and quantity

By memorizing the shifters of demand

By observing the supply curve

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What represents a shift in the demand curve?

A movement along the supply curve

A change in price alone

A change in quantity demanded

A change in variables not measured on either axis

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