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Search Results for demand - All Grades

309 questions match "demand". Refine Your Search

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Grade 11 Economics
Economic demand for a product refers to how much of the product
  1. is available for purchase from business at each price
  2. people are willing and able to buy at each price
  3. people want, whether they can buy it or not
  4. consumers can afford it
Grade 11 Economics
When the price of a good increases, the quantity demanded of that good is likely to
  1. increase
  2. decrease
  3. stay the same
  4. shift the demand curve
Grade 11 Economics
When the demand for a product decreases due to changing consumer preferences, the demand curve
  1. shifts to the left
  2. shifts to the right
  3. remains constant
  4. goes upward
Grade 11 Economics
Substitute goods and complementary goods are known as
  1. elastic goods
  2. inelastic goods
  3. proportional goods
  4. related goods
Grade 11 Economics
Which method would be most appropriate for constructing a demand schedule?
  1. polling consumers
  2. polling wholesalers
  3. polling producers
  4. interviewing entrepreneuers
Grade 11 Economics
An inelastic demand curve
  1. is almost vertical
  2. is circular
  3. is almost horizontal
  4. cannot be illustrated on a graph
Grade 11 Economics
When demand increases, the demand curve
  1. shifts to the left
  2. shifts to the right
  3. becomes smooth
  4. becomes steep
Grade 11 Economics
Grade 11 Economics
Grade 11 Economics
The idea that each successive slice of pizza is worth less and less illustrates the concept of
  1. consumerism
  2. elasticity
  3. diminishing marginal utility
  4. none of the above
Grade 3 Economics
What might happen if the demand for a new sneaker began to quickly rise?
  1. More sneaker would be made
  2. The price of the sneaker would go up
  3. People would refuse to pay for sneaker
  4. The sneaker price would be lowered
Grade 12 Economics
Grade 12 Economics
The law of demand is
  1. The idea that consumers will buy less at a high price and more at low prices
  2. The idea that producers will make more of product when prices are high and make less when prices are low
  3. The idea that consumers will buy at high prices and less at low prices
  4. The idea that producers will make more of a product at lower prices and less at higher prices
Grade 8 Ben Hur
Simonides demands...
  1. proof of Ben-Hur's identity.
  2. money and gifts from Ben-Hur.
  3. that Ben-Hur marry his daughter.
  4. that Ben-Hur avenge him.
Grade 12 Economics
A measure of how consumers react to a change in price.
  1. market demand
  2. individual demand
  3. elasticity of demand
  4. inelastic demand
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