Question 1
Which statement best defines demand in microeconomics?
Question 2
What happens to quantity demanded when the price of a good rises, assuming all else is constant?
Question 3
Which factor would most likely increase demand for movie tickets?
Question 4
If two goods are substitutes, what happens to the demand for one good when the price of the other good rises?
Question 5
Which example is most likely to create an increase in demand for bread if bread is a normal good?
