Practice Market Demand - 2.5 | 2. Theory of Consumer Behaviour | CBSE 12 Introductory Microeconomics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is market demand?

💡 Hint: Think about the word 'market' and 'demand' together.

Question 2

Easy

How do we derive market demand from individual demands?

💡 Hint: What does 'horizontal summation' refer to?

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does 'market demand' refer to?

  • Demand from one consumer
  • Total demand from all consumers
  • Demand at one price only

💡 Hint: Think more broadly than just one person’s needs.

Question 2

True or False: A rise in income will decrease demand for normal goods.

  • True
  • False

💡 Hint: Consider what happens to everyday items when people have more money.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

If the price of a good increases significantly and it's a substitute for another, predict how market demand will shift. Provide examples to support your answer.

💡 Hint: Think about products that people commonly alternate.

Question 2

Analyze how seasonal trends can affect market demand for specific goods. Provide a detailed explanation.

💡 Hint: Consider holidays or changes in weather conditions.

Challenge and get performance evaluation