Demand (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
For demand to exist, consumers must be what?
For demand to exist, consumers must be what?
Willing and able to buy
How is market demand calculated?
How is market demand calculated?
Sum of all individual demands
Which goods have relatively stable demand even when prices change?
Which goods have relatively stable demand even when prices change?
Necessities
What happens to butter demand when margarine prices increase?
What happens to butter demand when margarine prices increase?
Butter demand increases
What happens when the price of printers increases?
What happens when the price of printers increases?
Both printer and ink demand fall
What happened to demand before Australia introduced the GST in 2000?
What happened to demand before Australia introduced the GST in 2000?
Current demand increased
Which goods are most affected by rising incomes?
Which goods are most affected by rising incomes?
Luxury goods
Australia's ageing population has increased demand for what?
Australia's ageing population has increased demand for what?
Aged care services
What is the bandwagon effect?
What is the bandwagon effect?
Following the crowd
What does ceteris paribus mean?
What does ceteris paribus mean?
Other things being equal