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Market Demand Schedule

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

This image shows the market demand schedule for bananas. If the price goes from 60 cents to 40 cents, how many more bananas will be purchased per week?

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1. What is a market demand schedule?

2. Which of the following statements is TRUE?

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About This Quiz & Worksheet

The questions on the quiz will assess your knowledge of different market demand schedules. You may need to pick out the implied properties of a given schedule or identify the correct definition of a given term.

Quiz & Worksheet Goals

This quiz will test you on the following terms and ideas:

  • Market demand schedules
  • Quantity demanded
  • Demand schedules

Skills Practiced

You will practice the following skills through this quiz:

  • Interpreting information - verify that you can read market demand schedules and interpret them correctly
  • Information recall - access the knowledge you've gained regarding market demand schedules
  • Knowledge application - use your knowledge to answer questions about market demand schedules

Additional Learning

Review the accompanying lesson called Market Demand Schedule to learn more. This accompanying lesson will help you with the following objectives:

  • Defining demand
  • Understanding the quantity demanded
  • Clarifying the meaning of the demand schedule
  • Describing the market demand schedule
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