1) A Demand curve shows the relationship between price and quantity demanded? a) True b) False 2) For a normal good the following is true: a) As price falls Qd rises b) As price rises Qd rises c) As price falls Qd falls 3) A change in price is always shown by a movement along the demand curve a) True b) False 4) A demand curve is upward sloping a) True b) False 5) Which of the following will influence demand? a) The price of the good b) Available PPC curves c) Available capital 6) Which of the following will not affect demand? a) Consumer income b) Price of substitutes c) Consumer tastes and fashion d) Advertising e) the level of education of the UK population 7) Which of the following describes a normal good? a) One where if prices rise demand will fall b) One where if incomes rise demand will fall c) A product with a snob effect 8) Which of the following best describes an inferior good? a) As incomes increase demand for an inferior good falls b) As incomes rise demand for inferior goods rises c) As incomes rise demand for inferior goods will not be affected 9) The price of complementary goods will have an impact on demand a) True b) False 10) The price of close substitutes will not have an impact on a good a) True b) False 11) Which of the following are substitutes? a) tea and biscuits b) bread and butter c) cornflakes and rice crispies 12) Which of the following are complements? a) windows and houses b) bus and train c) white bread and brown bread 13) Which of the following can affect demand? a) Consumer tastes and fashion b) Business goals c) Motivation of workforce 14) Which of the following may lead to an increase in demand? a) A recession b) A competitive market c) An increase in the standard of living 15) Which of the following will cause a demand curve to shift to the right? a) Fall in consumer income b) Rise in the price of substitutes c) Rise in the price of complements 16) Inferior goods will experience a rise in demand as incomes increase a) False b) True

Demand & Determinants

από
Ενσωμάτωση

Κατάταξη

Οπτικό στυλ

Επιλογές

Αλλαγή προτύπου

Επαναφορά αυτόματα αποθηκευμένου: ;