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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define what a demand curve is.
💡 Hint: Think about what happens to demand as price changes.
Question 2
Easy
What happens to the demand for a normal good when consumer income increases?
💡 Hint: Consider how consumers might react to having more money.
Practice 1 more question and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What causes a movement along the demand curve?
- A change in income
- A change in consumer preferences
- A change in the price of the good
💡 Hint: Remember the Law of Demand.
Question 2
Shifts in the demand curve occur due to which of the following?
- True
- False
💡 Hint: Think about what might change demand besides price.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Describe a scenario in which the demand curve for a product shifts to the right and explain why.
💡 Hint: Consider factors that generally make consumers want to purchase more.
Question 2
Illustrate and explain how a decrease in the price of one good affects the demand for its substitute.
💡 Hint: Think about how consumers react to variations in prices among similar goods.
Challenge and get performance evaluation