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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the definition of demand?
💡 Hint: Think about wanting and being able to afford something.
Question 2
Easy
Give an example of a substitute good.
💡 Hint: Think of products that can replace each other.
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 is demand really about?
- Desire to buy
- Ability to pay
- Both A and B
💡 Hint: Think about both wanting something and being able to afford it.
Question 2
True or False: As the price of a commodity increases, the quantity demanded decreases.
- True
- False
💡 Hint: Consider how pricing affects consumer choices.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Evaluate how a sudden economic downturn might affect the demand for luxury goods versus basic goods.
💡 Hint: Consider priorities in spending during economic hardships.
Question 2
Discuss the impact of social media marketing on a new product's demand.
💡 Hint: Think about how advertisements can create buzz.
Challenge and get performance evaluation