Demand and Supply Quiz | Demand and Supply Online Test for Practice

Here is the list of Demand and Supply quiz questions and answers available online test and pdf download format to practice for exams.

Demand and Supply Questions with Answers

31. A decrease in quantity demanded caused by an increase in price is represented by a

32. People come to expect that the price of a gallon of gasoline will rise next week. As a result,

33. A drop in the price of a compact disc shifts the demand curve for prerecorded tapes leftward. From that you know compact discs and prerecorded tapes are

34. People buy more of good 1 when the price of good 2 rises. These goods are

35. By definition, an inferior good is a

36. A substitute is a good

37. Which of the following influences peoples buying plans and varies moving along a demand curve?

38. Which of the following is NOT held constant while moving along a supply curve?

39. The opportunity cost of good A in terms of good B is equal to the

40. A decrease in the quantity supplied is represented by a

41. If the price of a good changes but everything else influencing suppliers planned sales remainsconstant, there is a

42. The law of demand implies that demand curves

43. A change in the price of a good

44. The law of demand states that, other things remaining the same, the higher the price of a good, the

45. If a producer can use resources to produce either good A or good B, then A and B are

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Multiple Choice Questions and Answers on Demand and Supply

Demand and Supply Multiple Choice Questions and Answers

Demand and Supply Trivia Quiz

Demand and Supply Question and Answer PDF Online


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