The Consumer (Demand) (Leaving Cert Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
Which area is influenced by consumer purchasing choices?
Which area is influenced by consumer purchasing choices?
Employment levels
Which is an example of a positive incentive?
Which is an example of a positive incentive?
Government subsidies for electric cars
What is the purpose of negative incentives?
What is the purpose of negative incentives?
Discourage specific consumer behaviours
By what percentage did Ireland's plastic bag levy reduce usage in the first year?
By what percentage did Ireland's plastic bag levy reduce usage in the first year?
90%
What does a rational consumer aim to maximise?
What does a rational consumer aim to maximise?
Utility within budget constraints
Which factor leads to irrational consumer behaviour?
Which factor leads to irrational consumer behaviour?
Short-term focus over long-term effects
If , demand is classified as:
If , demand is classified as:
Elastic
Coffee price rises 10%, demand falls 20%. What is the ?
Coffee price rises 10%, demand falls 20%. What is the ?
Why do governments tax goods with inelastic demand?
Why do governments tax goods with inelastic demand?
Stable revenue without reducing consumption much
If income rises and demand for a good falls, it is a(n):
If income rises and demand for a good falls, it is a(n):
Inferior good
Income rises 5%, holiday demand rises 15%. What does indicate?
Income rises 5%, holiday demand rises 15%. What does indicate?
Holidays are a luxury good
What percentage of Irish household income goes to housing and utilities (2023 CSO)?
What percentage of Irish household income goes to housing and utilities (2023 CSO)?
Over 30%