Subjects / LC Economics / Microeconomics

Demand

How price, income, tastes and related goods affect the quantity consumers want to buy.

5th Year6th Year HigherOrdinary

Helps to know first: Scarcity, Choice and Opportunity Cost

15practice questions

Fill the gaps: 1 · Match the pairs: 1 · Multiple choice: 12 · Select all that apply: 1

Each question has up to three hints, a worked explanation, and is tracked in your progress and review plan.

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Multiple choice

The price of a cinema ticket rises. Ceteris paribus, what happens in the market for cinema tickets?

AThe demand curve shifts to the right BThe supply curve shifts to the left CThere is a movement up along the demand curve to a lower quantity demanded DThe demand curve shifts to the left

Hint 1

Is the change in the good's OWN price or in some other factor?

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