What is demand?
Practice (DEMAND & SUPPLY)
1st - 12th Grade
•15 Qs
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Practice (DEMAND & SUPPLY)
Quiz
•
Zeela Zainol
•
Other
•
1st - 12th Grade
•
53 plays
•
Medium
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Willingness to buy a specific good and services for a given price
Willingness to sell a specific good and services for a given price
An increase in the price, a decrease in the quantity demanded
An increase in the price causes an increase in the quantity demanded.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
Willingness to buy a specific good and services for a given price
Willingness to sell a specific good and services for a given price
An increase in the price, a decrease in the quantity supplied
An increase in the price causes an increase in the quantity supplied
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the law of demand?
An increase price causes an increase quantity demanded.
An increase in the price, a decrease in the quantity supplied
An increase in the price, a decrease in the quantity demanded
An increase in the price causes an increase in the quantity supplied.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the law of supply?
An increase in the price, a decrease in the quantity supplied
An increase price causes an increase quantity demanded.
An increase in the price, a decrease in the quantity demanded
An increase in the price causes an increase in the quantity supplied
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If price is RM8 per unit, quantity demanded will equal:
4 units
6 units
8 units
10 units
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If quantity demanded are 10 units, price will equal:
RM12
RM10
RM8
RM2
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the demand function when the price increase from RM2 to RM4 and quantity demanded decrease from10 units to 8 units?
Qd=12-1P
Qd=10+2P
Qd=12+1P
Qd=10-2P
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the determinants of demand?
i. Technology
ii. Taste
iii. Income
iv. Price of related goods
i and ii
ii, iii, iv
ii and iii
i, ii and iv
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If price is RM12 per unit, quantity supplied will equal:
9 units
6 units
3 units
12 units
10.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If quantity supplies are 18 units, price will equal:
RM21
RM15
RM12
RM9
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