Factors of Demand Quiz

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Test your knowledge on the factors that influence demand in economics.

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Froggy Jumps Factors of Demand QuizVersión en línea Test your knowledge on the factors that influence demand in economics. por sarah ayyad 1 What is the definition of demand in economics? a The quantity of a good or service that is available in the market. b The quantity of a good or service that producers are willing and able to sell at a given price. c The quantity of a good or service that consumers are willing and able to buy at a given price. 2 Which of the following is not a factor that influences demand? a Price of the product b Consumer preferences c Government regulations 3 What is the law of demand? a As the price of a good or service decreases, the quantity demanded decreases, and vice versa. b As the price of a good or service increases, the quantity demanded increases, and vice versa. c As the price of a good or service increases, the quantity demanded decreases, and vice versa. 4 What is the income effect in relation to demand? a The change in quantity demanded due to a change in the price of a substitute good. b The change in quantity demanded due to a change in consumer tastes and preferences. c The change in quantity demanded due to a change in consumer purchasing power. 5 Which of the following is an example of a substitute good? a Coffee and sugar b Coffee and milk c Coffee and tea 6 What is the definition of complementary goods? a Goods that are consumed together but tend to be purchased separately. b Goods that are consumed together and tend to be purchased together. c Goods that are produced together and tend to be sold together. 7 What is the definition of consumer preferences? a The total demand for goods and services in the market. b The price consumers are willing to pay for a good or service. c The individual tastes and desires of consumers for specific goods and services. 8 What is the definition of market demand? a The total quantity of a good or service that all consumers are willing and able to buy at a given pr b The total quantity of a good or service that is available in the market. c The total quantity of a good or service that all producers are willing and able to sell at a given p 9 Which of the following is not a factor that affects consumer preferences? a Cultural and social influences b Government regulations c Advertising and marketing

Froggy Jumps

Factors of Demand QuizVersión en línea

Test your knowledge on the factors that influence demand in economics.

por sarah ayyad

What is the definition of demand in economics?

The quantity of a good or service that is available in the market.

The quantity of a good or service that producers are willing and able to sell at a given price.

The quantity of a good or service that consumers are willing and able to buy at a given price.

Which of the following is not a factor that influences demand?

Price of the product

Consumer preferences

Government regulations

What is the law of demand?

As the price of a good or service decreases, the quantity demanded decreases, and vice versa.

As the price of a good or service increases, the quantity demanded increases, and vice versa.

As the price of a good or service increases, the quantity demanded decreases, and vice versa.

What is the income effect in relation to demand?

The change in quantity demanded due to a change in the price of a substitute good.

The change in quantity demanded due to a change in consumer tastes and preferences.

The change in quantity demanded due to a change in consumer purchasing power.

Which of the following is an example of a substitute good?

Coffee and sugar

Coffee and milk

Coffee and tea

What is the definition of complementary goods?

Goods that are consumed together but tend to be purchased separately.

Goods that are consumed together and tend to be purchased together.

Goods that are produced together and tend to be sold together.

What is the definition of consumer preferences?

The total demand for goods and services in the market.

The price consumers are willing to pay for a good or service.

The individual tastes and desires of consumers for specific goods and services.

What is the definition of market demand?

The total quantity of a good or service that all consumers are willing and able to buy at a given pr

The total quantity of a good or service that is available in the market.

The total quantity of a good or service that all producers are willing and able to sell at a given p

Which of the following is not a factor that affects consumer preferences?

Cultural and social influences

Government regulations

Advertising and marketing

Factors of Demand Quiz

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Factors of Demand Quiz

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Factors of Demand QuizVersión en línea

por sarah ayyad

What is the definition of demand in economics?

Which of the following is not a factor that influences demand?

What is the law of demand?

What is the income effect in relation to demand?

Which of the following is an example of a substitute good?

What is the definition of complementary goods?

What is the definition of consumer preferences?

What is the definition of market demand?

Which of the following is not a factor that affects consumer preferences?