Lesson 4.1.3.1
4.1.3.1 The determinants of the demand for goods and services Quiz: AQA Economics, Unit 1
20 questions
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Lesson 4.1.3.1, The determinants of the demand for goods and services: 20 multiple choice questions for the AQA Economics (7136), Unit 1: Individuals, firms, markets and market failure, written with Revision Ninja.
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The 20 questions
-
What relationship does a demand curve show, holding all other factors constant?
- Price and quantity
- Price and supply
- Income and profit
- Cost and output
-
Which change will shift the demand curve for a normal good to the right?
- Fall in income
- Fall in price
- Rise in income
- Rise in price
-
What causes a movement along a demand curve rather than a shift of the curve?
- Change in tastes
- Population growth
- Change in price
- Change in income
-
What happens to the demand curve for coffee if the price of tea rises?
- Shifts left
- Moves downwards
- Unchanged
- Shifts right
-
What happens to the demand curve for ink cartridges if printer prices rise?
- Shifts left
- Shifts right
- Unchanged
- Moves downwards
-
How does a sudden increase in consumer preference for organic food affect its demand curve?
- Shifts right
- Moves downwards
- Remains stationary
- Shifts left
-
How does an expected future price rise affect current consumer demand for a product?
- Reduces future supply
- Has no impact
- Increases current demand
- Decreases current demand
-
What change will cause the demand curve for an inferior good to shift left?
- Rise in income
- Fall in income
- Rise in price
- Fall in price
-
How does an increase in total population affect the market demand curve for food?
- Causes contraction
- Moves downwards
- Shifts right
- Shifts left
-
What term describes a movement down along a demand curve caused by a price fall?
- Increase in demand
- Extension of demand
- Contraction of demand
- Shift in demand
-
Which law helps explain why a standard demand curve slopes downwards?
- Increasing marginal costs
- Diminishing marginal returns
- Diminishing marginal utility
- Comparative advantage
-
How does a public smoking ban affect the demand curve for cigarettes?
- Movement down along
- Movement up along
- Shifts it left
- Shifts it right
-
What causes a movement along a demand curve rather than a shift?
- An advertising change
- An income change
- A price change
- A taste change
-
What happens to demand for cars if the price of petrol, a complement, rises?
- It increases
- It decreases
- It remains constant
- It expands along
-
What happens on a demand curve when the price of the good itself changes?
- Movement along curve
- Shift to left
- Shift to right
- Pivot of curve
-
Which factor causes the demand curve for a normal good to shift to the right?
- Lower consumer incomes
- Higher good price
- Higher consumer incomes
- Lower good price
-
If consumers expect a product's price to rise tomorrow, what happens to current demand?
- Shifts to right
- Moves up along
- Shifts to left
- Moves down along
-
If a substitute price rises significantly while income falls slightly, how does demand for a normal good shift?
- Shifts to right
- Shifts to left
- Does not shift
- Contracts along curve
-
Why is it important for a firm to understand non-price determinants of demand?
- To measure elasticity
- To forecast sales
- To eliminate competition
- To fix costs
-
What does a leftward shift of a demand curve represent?
- Increase in demand
- Decrease in demand
- Contraction of demand
- Expansion of demand
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