AS Economics: Demand (Econ1)
Covers demand in general for Econ1.
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- Created by: Maddy
- Created on: 31-03-12 14:29
Other questions in this quiz
2. Which of these isn't a factor of demand?
- costs of production
- population
- tastes/fashion
- price
- people's expectations
3. The law of demand states that..
- as the price of a good falls, less is demanded
- as the price of a good rises, more is demanded
- as the price of a good falls, more is demanded
- as supply of a good falls, more is demanded
- as income falls, more is demanded
4. A movement along the demand curve is caused by a change in...
- supply
- price
- quantity of goods
- income
- demand
5. There is an inverse relationship between price and quantity demanded.
- True
- False
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