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Demand and Supply Quiz

Difficulty Level :
10 Questions

Popular Questions In Demand and Supply Quiz

Demand refers to:

The Law of Demand states that, other things remaining constant:

Which of the following is a determinant of demand?

Supply refers to:

The Law of Supply states that, other things being equal:

When demand exceeds supply, it leads to:

The point where demand and supply curves intersect is called:

An increase in consumer income usually causes the demand curve to:

Which of the following can shift the supply curve?

If the price of tea rises, and people start buying more coffee instead, this is an example of: