3.4 - Demand Curve
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Practice Questions
Test your understanding with targeted questions
What is the main concept of the demand curve?
💡 Hint: Think about how consumers react to different prices.
How does the law of demand define the relationship between price and quantity demanded?
💡 Hint: Recall the inverse relationship.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What happens to demand when the price of a good increases?
💡 Hint: Consider the inverse relationship.
True or False: The demand curve always slopes upwards.
💡 Hint: Think about price and quantity relationships.
1 more question available
Challenge Problems
Push your limits with advanced challenges
If a new study shows that chocolate has health benefits, how will this affect the demand for chocolate? Explain using relevant economic concepts.
💡 Hint: Consider how consumer tastes and preferences play a role.
Analyze the effects of a major recession on the demand curve for luxury goods such as expensive cars and jewelry.
💡 Hint: Think about the relationship between income and spending.
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