A level Demand Quiz 1

16 QuestionsMultiple ChoiceFree Practice

About this quiz

This A level Demand Quiz 1 quiz contains 16 multiple choice questions designed to help you revise and test your A level Demand Quizzes knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!

Description

 A level demand quiz is one aspect of A level Economics and it is made up of 15 questions of which each has four options to pick one and just one and only one of these options is correct. The quiz has been set based on the national curriculum for the gce A level.

Now what is demand? Demand is simply the quantity of a good which consumers are ready, willing and able to buy at different prices at a particular point in time. The relationship which exist between price and quantity demanded is known as the demand curve

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Progress0 / 16 answered
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Question 1 of 16

  Demand for a commodity refers to: 

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Question 2 of 16

  In case of an inferior good, the income elasticity of demand is: 

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Question 3 of 16

 For what type of good does demand fall with a rise in income levels of households? 

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Question 4 of 16

 Movement along the same demand curve shows: 

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Question 5 of 16

 The price of hot – dogs increase by 22% and the quantity demanded falls by 25% this indicates that demand for hot dogs is: 

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Question 6 of 16

 What is an Engels curve? 

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Question 7 of 16

 Which factor generally keeps the price – elasticity of demand for a good low ?

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Question 8 of 16

 In case of a straight line demand curve meeting the two axes, the price elasticity of demand at the mid-point of the line would be: 

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Question 9 of 16

 An increase in demand can result from: 

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Question 10 of 16

 In case of Inferior goods like bajra, a fall in its price tends to: 

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Question 11 of 16

 When demand is perfectly inelastic, an increase in price will result in: 

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Question 12 of 16

 This is an assumption of law of demand: 

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Question 13 of 16

 Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is: 

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Question 14 of 16

 Mr. Raees Ahmad bought 50 litres of petrol when his monthly income was Rs. 25,000. Now his monthly income has risen to Rs. 50,000 and he purchases 100 litre of petrol. His income elasticity of demand for petrol is: 

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Question 15 of 16

  Demand is a function of: 

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Question 16 of 16

  If price and total revenue move in the same direction, then demand is: