Demand — Practice Quiz
Gujarat Board · Class 11 · Economics
Try a 4-question quiz on Demand for Gujarat Board Class 11 Economics: tap an answer to check it and see why. 44 questions in the full chapter test.
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Quick Quiz: Demand
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What is demand in economics?
According to the Law of Demand, what happens when the price of a good falls?
What are substitute goods?
What is meant by complementary goods?
Sample Questions
Which of the following are factors affecting demand? (Select all correct options)
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Price of the commodity, Consumer's income, Tastes and preferences, Prices of related goods
The main determinants of demand are: price of the commodity, consumer's income, tastes and preferences, prices of related goods, expectations about future prices, and size of population. Weather conditions are not a primary determinant.
The demand curve slopes downward from left to right.
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True
The demand curve slopes downward from left to right, indicating the inverse relationship between price and demand as stated by the Law of Demand.
Which of the following are examples of complementary goods? (Select all correct options)
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Mobile phone and SIM card, Car and petrol, Pen and ink
Complementary goods must be used together. Mobile phone needs SIM card, car needs petrol, pen needs ink. Tea and coffee are substitutes, as are Pepsi and Coca-Cola.
What causes expansion and contraction of demand?
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Change in price only, keeping other factors constant
Expansion and contraction of demand occur due to changes in price only, while keeping other determinants constant. It represents movement along the same demand curve.
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