Demand Quizzes, Questions & Answers

In a free market economy, prices are determined largely by supply and demand. Demand does not simply mean how much people want something. Economists consider demand to be a buyer’s willingness to pay for something. Did you know that when economists record changes in demand, it is called a demand schedule?

Do you know what it’s called when they plot that information on a graph? While some items affecting demand are hard to measure, like a consumer’s tastes. But can you list some of the measurable factors that economists use to predict demand? If you answered the good’s price, the price of related items, and disposable income, then you might be ready to test yourself! Take some of our quizzes and see how you measure up!

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Law Of Demand Quiz Questions With Answers

Looking for the law of demand practice quiz questions with answers? You have reached the right place. Take this quiz and test your knowledge regarding demand-supply. Law of demand is a basic principle of economics. This quiz is...

Questions: 10 | Attempts: 12416 | Last updated: Aug 21, 2023

Sample Question
According to ____________, when price decreases, demand rises, and when price increases, demand falls.

The Law of Diminishing Marginal Utility

Adam Smith

The Law of Demand

The elasticity of demand

Price Elasticity Of Demand Quiz

Do you know about the price elasticity of demand? Try out this price elasticity of demand quiz to check your knowledge and see how updated you are. Basically, price elasticity is the measurement of changes in users'...

Questions: 10 | Attempts: 6078 | Last updated: Jul 23, 2023

Sample Question
If you slow down buying because of a price increase, your demand is

Elastic

Inelastic

Strong

Normal

Consumer Demand Quiz Questions

This quiz will cover consumer demand, the factors that affect demand, and demand elasticity.

Questions: 25 | Attempts: 523 | Last updated: Mar 22, 2023

Sample Question
This occurs when an increase in price decreases a consumer's real income, making that consumers feel poorer.

Normal Good

Inferior Good

Law of Demand

Substitution effect

Demand Curve

Income effect

Apo Demand Planner Quiz

This test is prepared in order to measure the awareness of the Demand Planners before integration tests. The results of this test are going to be used to define the training requirements of users and...

Questions: 25 | Attempts: 233 | Last updated: Mar 20, 2023

Sample Question
The MMS KPI's defined for Demand Planning are:(You can select more than one answer) (MMS: Minimum Mandatory Standards, KPI: Key Performance Indicator)

Supply Reliability

Forecast Bias

Forecast Accuracy

Stock value

Aggregate Demand - Quiz One [ncea Level Two Economics]

EcoBizOnline.com Welcome to another awesome on-line quiz from EcoBizOnline.com. The purpose of this quiz is to check your understanding of Aggregate Demand. If you are unsure of a question, just give it your best shot...

Questions: 10 | Attempts: 117 | Last updated: Mar 20, 2023

Sample Question
Aggregate demand [AD] is the total demand for final goods and services in the economy at a given time and price level. It is called 'economic activity'

True

False

Demand Quizzes, Questions & Answers

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