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Demand Flashcards | StudBud

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Demand

7 terms·StudBud Administration·176 plays

An economics quiz to review the basics of demand

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Questions 7

Answers

1
This diagram shows .....
a decrease in demand
an increase in quantity demanded
an increase in demand
a decrease in quantity demanded
2
If a factor other than price causes an increase in demand, it is shown by ......
A shift of the curve to the right
Movement along the curve
A shift of the curve to the left
3
Demand is the .......
Willingness to buy a product
Desire to buy a product
All of the above
Ability to buy a product
4
This diagram shows .....
a decrease in demand
an increase in quantity demanded
an increase in demand
a decrease in quantity demanded
5
If price causes a change in quantity demanded, it is shown by ......
Shifting the curve to the right
Shifting the curve to the left
Movement along the curve
6
The principle that says price is inversely related to demand is
the demand effect
the law of demand
the price effect
the price law
7
When we demonstrate demand in the form of a table it is known as a ......
Demand Table
Demand Curve
Demand Schedule
Demand Thing