The sum of everyone's individual demand at each price

A price increase will lead to:

A change in the quantity demanded

A shift of the demand curve to the left is caused by

A decrease in the price of a substitute

A change in price means

A movement along the demand cur

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Demand

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Introductory or revision quiz for students on Demand

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Questions 15

Answers

1
What sort of slope does a demand curve have?
Horizontal
Vertical
Negative
Positive
2
Which of the following would cause the demand curve to shift to the right
A decrease in the price of a substitute
decreased advertising for a product
Whether or not the product is in fashion
a decrease in direct tax
3
Market demand is
The sum of one individuals demand at each price
The sum of everyones supply for a market at each price
The sum of everyone's individual demand at each price
Everything sold everywhere at each price
4
An increase in demand causes the demand curve to
Move down
Shift to the left
Move up
Shift to the right
5
A movement along the demand curve is caused by:
Change in price of a complement
Change in peoples tastes
Change in price of a substitute
Change in Price of the product
6
An example of a complement for a CD player would be
Records
Cassettes
CD's
Videos
7
A decrease in demand causes the demand curve to
Shift to the left
Move up
Shift to the right
Move down
8
What sort of slope does a supply curve have?
Negative
Vertical
Positve
Horizontal
9
A price increase will lead to:
A change in the quantity demanded
A change in the quantity supplied
A change in the quantitiy
A change in the quantity supplied
10
Price is shown on a graph on
The y axis
The x axis
At the origin
Not at all
11
A shift of the demand curve to the left is caused by
A decrease in direct tax
A decrease in the price of a complement
An increase in disposable incomes
A decrease in the price of a substitute
12
Things that cause a shift in the demand curve are called
Elephants
Ruminants
Carcinogens
Determinants
13
Quantity demanded is shown on a graph on
Not at all
The y axis
The origin
The x axis
14
A change in price means
A shift in the demand curve
A fall in quantity demanded
An increase in quantity demand
A movement along the demand cur
15
An example of a substitute for tea would be
Butter
Coffee
Apples
Milk

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