2. Supply and Demand

Demand Basics — Quiz

Test your understanding of demand basics with 5 practice questions.

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Practice Questions

Question 1

Which of the following scenarios best illustrates a movement along the demand curve?

Question 2

What is the primary reason for the downward slope of a typical demand curve?

Question 3

If the price of a complementary good increases, what will happen to the demand for the original good?

Question 4

Which of the following is NOT a determinant of demand?

Question 5

Consider the demand function $Q_d = 200 - 5P$. If the price $P$ increases from $20$ to $30$, what is the change in quantity demanded?
Demand Basics Quiz — AS-Level Economics | A-Warded