Demand, Supply, and Price (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does effective demand require?
What does effective demand require?
Both desire & money to buy a product
If you buy 2 chocolate bars weekly, what type of demand is this?
If you buy 2 chocolate bars weekly, what type of demand is this?
Individual demand
According to the Law of Demand, what happens when prices fall?
According to the Law of Demand, what happens when prices fall?
Quantity demanded increases
Which direction does the demand curve slope?
Which direction does the demand curve slope?
Downward from left to right
At 30 rands per bar, how many million chocolate bars are demanded weekly?
At 30 rands per bar, how many million chocolate bars are demanded weekly?
6 million bars
Which factor can shift the entire demand curve?
Which factor can shift the entire demand curve?
Advertising campaigns
What happens to ice cream demand in summer?
What happens to ice cream demand in summer?
Demand increases due to weather
What causes movement along the demand curve?
What causes movement along the demand curve?
Only price changes
What does a rightward shift of the demand curve mean?
What does a rightward shift of the demand curve mean?
Demand increased at every price level
Why do braai meat prices rise during South African festive seasons?
Why do braai meat prices rise during South African festive seasons?
Increased demand