2. Topic 2(COLON) Demand, Supply and the Price Mechanism

Lesson 2.1: Demand And The Demand Curve — Quiz

Test your understanding of lesson 2.1: demand and the demand curve with 5 practice questions.

Practice Questions

Question 1

What is the law of demand?

Question 2

Which of the following would cause a shift in the demand curve?

Question 3

What distinguishes a movement along the demand curve from a shift of the demand curve?

Question 4

Normal goods are characterized by which of the following?

Question 5

What happens to the demand for a Giffen good when its price increases?