3 Questions
What does demand refer to in economics?
The quantity of a good or service that consumers are willing and able to buy at a given price
What factors can influence demand?
All of the above
What is the law of demand in economics?
As the price of a good increases, the quantity demanded decreases
Test your knowledge of demand in economics with this quiz. Explore the concept of demand, factors influencing it, and the law of demand. Enhance your understanding of economic principles and their real-world applications.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
