Demand and Its Determinants
Economics ⇒ Consumer and Producer Behaviour
Demand and Its Determinants starts at 11 and continues till grade 12.
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See sample questions for grade 11
Define demand in economics.
Describe the effect of a decrease in the price of a complementary good on the demand for a product.
Describe the effect of a successful advertising campaign on the demand for a product.
Describe the effect of consumer expectations on demand.
A consumer buys 10 units of a good at Rs. 20 each. When the price falls to Rs. 15, she buys 15 units. Calculate the change in quantity demanded.
A consumer's income increases from Rs. 10,000 to Rs. 12,000 per month. As a result, her demand for branded clothes increases. What type of good are branded clothes in this case?
A family increases its consumption of public transport when petrol prices rise. What does this indicate about the relationship between public transport and petrol?
A shopkeeper observes that when the price of cold drinks falls in summer, the quantity sold increases sharply. What does this indicate about the demand for cold drinks?
The demand for inferior goods ________ as income increases. (1) increases, (2) decreases, (3) remains unchanged, (4) first increases then decreases
Which of the following is an example of a Giffen good? (1) Rice for a poor consumer, (2) Gold, (3) Air conditioners, (4) Designer clothes
Which of the following is an example of a necessity good? (1) Air conditioners, (2) Rice, (3) Perfume, (4) Gold
Which of the following is an example of derived demand? (1) Demand for bread, (2) Demand for flour, (3) Demand for labour in a car factory, (4) Demand for shoes
Fill in the blank: The demand for a commodity at a particular price during a given period of time is called ________ demand.
Fill in the blank: The demand for a good that arises not for its own sake but for the production of other goods is called ________ demand.
Fill in the blank: The demand for a good that is used in place of another is called ________ demand.
Fill in the blank: The demand for a good that is used together with another good is called ________ demand.
True or False: A change in the price of a good leads to a movement along the demand curve, not a shift of the demand curve.
True or False: The demand curve generally slopes upwards from left to right.
True or False: The demand for a commodity is always independent of the prices of related goods.
True or False: The demand for a necessity is generally inelastic.
