Demand and Supply Curves Quiz by Shubhrata Shrestha | May 21, 2025 | 0 comments Demand and Supply Curves Quiz 1. What is the key characteristic of effective demand? A. It is based on personal preferences only B. It is not influenced by income C. It is backed by the ability and willingness to pay D. It represents theoretical desire None 2. Which of the following will cause a movement along the demand curve? A. A fall in the price of the good itself B. Change in consumer income C. Change in the number of buyers D. Change in taste and preferences None 3. A rise in income leads to increased demand for which type of goods? A. Inferior goods B. Complementary goods C. Substitute goods D. Normal goods None 4. Which of the following will shift the supply curve to the left? A. A reduction in tax B. An improvement in technology C. An increase in production cost D. A government subsidy None 5. What happens when the price of a substitute increases? A. Demand for the given product increases B. Demand for the given product decreases C. Supply increases D. No change in demand None 6. Complementary goods have which type of relationship? A. Inverse B. Direct C. Neutral D. Proportional None 7. What causes a shift in the demand curve? A. Change in the product’s own price B. A shortage of the product C. Change in non-price factors like income or taste D. A new equilibrium point None 8. An increase in subsidies to producers will most likely result in: A. A rightward shift in the supply curve B. A fall in demand C. A movement along the demand curve D. A leftward shift in the demand curve None 9. Which of the following is not a determinant of supply? A. Technology B. Tastes and preferences C. Weather D. Government tax policy None 10. If demand decreases and supply remains constant, what happens? A. Price increases B. Price falls and quantity decreases C. Quantity increases D. Demand becomes ineffective None Time's up Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
