Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does the Law of Demand state?
💡 Hint: Think about the relationship between price and the quantity demanded.
Question 2
Easy
What is meant by ceteris paribus?
💡 Hint: It's a Latin phrase often used in economics.
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 happens to demand when prices decrease?
- Demand stays the same
- Demand increases
- Demand decreases
💡 Hint: Remember the relationship between price and quantity demanded.
Question 2
The Law of Demand only applies when ceteris paribus is assumed.
- True
- False
💡 Hint: Consider what happens when multiple factors change.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Explain a real-life scenario where demand for a product might remain constant despite changes in price.
💡 Hint: Consider products with no substitutes and essential needs.
Question 2
Analyze how consumer preference shifts could affect the demand for a newly released product versus an older product.
💡 Hint: Think about trends and how they affect purchasing choices.
Challenge and get performance evaluation