Lesson 1.2.2
1.2.2 Demand Quiz: Pearson Edexcel Economics, Unit 1
20 questions
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Lesson 1.2.2, Demand: 20 multiple choice questions for the Pearson Edexcel Economics (9EC0), Unit 1: Theme 1: Introduction to markets and market failure, written with Revision Ninja.
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The 20 questions
-
According to the law of demand, what happens to quantity demanded when price falls?
- It shifts left
- It increases
- It decreases
- It remains constant
-
What factor causes a movement along a good's demand curve rather than a shift?
- Change in tastes
- Change in income
- Change in price
- Price of substitutes
-
For a normal good, what effect does an increase in consumer income have on demand?
- Upward movement
- Downward movement
- Rightward shift
- Leftward shift
-
Which change would cause a demand curve to shift to the left?
- Cheaper complementary good
- Cheaper substitute good
- Successful advertising campaign
- Higher consumer income
-
What happens to the satisfaction gained from consuming each additional unit of a good?
- It increases
- It decreases
- It remains constant
- It becomes zero
-
How does diminishing marginal utility affect the shape of a standard demand curve?
- Downward slope
- Horizontal line
- Upward slope
- Vertical line
-
Which of these is a condition of demand that shifts the demand curve?
- Price of good
- Production costs
- Indirect taxes
- Price of complements
-
What occurs along a demand curve when the price of a good falls?
- Rightward shift
- Upward movement
- Downward movement
- Leftward shift
-
A successful advertising campaign changes consumer tastes in favour of a product. What happens?
- Rightward shift
- Leftward shift
- Upward movement
- Downward movement
-
What happens to demand for a normal good when consumer income increases?
- It decreases
- It becomes zero
- It increases
- It remains constant
-
What direction does a standard demand curve slope from left to right?
- Vertically
- Horizontally
- Upwards
- Downwards
-
A new health warning reduces consumer desire for a product at every price. What happens?
- Downward movement
- Leftward shift
- Upward movement
- Rightward shift
-
Which event causes a movement along the demand curve for cinema tickets?
- Ticket price change
- New seat installation
- Higher consumer incomes
- Popcorn price rise
-
What term describes the additional satisfaction a consumer gains from consuming one extra unit of a good?
- Diminishing returns
- Consumer surplus
- Total utility
- Marginal utility
-
If quantity demanded increases at every price following an increase in consumer income, what happens to the demand curve?
- Shifts to right
- Movement downwards
- Shifts to left
- Movement upwards
-
Which factor causes a shift in the demand curve rather than a movement along it?
- Good's own price
- Supply elasticity
- Production costs
- Consumer income
-
What causes a movement along a good's demand curve?
- Substitute prices
- Good's own price
- Advertising costs
- Consumer income
-
Which market change will cause a normal good's demand curve to shift to the left?
- Fall in complement price
- Rise in consumer income
- Rise in population
- Fall in substitute price
-
If a price rise for coffee leads to an increase in demand for tea, what are these goods?
- Substitutes
- Unrelated goods
- Inferior goods
- Complements
-
What causes a contraction of demand along a demand curve?
- Increase in price
- Decrease in income
- Decrease in price
- Increase in income
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