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Demand

Quiz by Rachel Murat

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13 questions
Show answers
  • Q1
    people buy more of a good at a lower price
    law of demand
    30s
  • Q2
    Consumer desire, willingness and ability to buy products
    demand
    30s
  • Q3
    when consumers react to an increase in a good's price by consuming less of that good and more of other goods
    substitution effect
    30s
  • Q4
    demand goes down
    when price goes up
    30s
  • Q5
    demand goes up
    when price goes down
    30s

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