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Quantity Demanded: Definition & Factors

Instructions:

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

question 1 of 3

What is quantity demanded?

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1. Which of the following is NOT a cause to change quantity demanded?

2. What happens to quantity demanded if the price of an item increases?

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About This Quiz & Worksheet

This quiz and worksheet are tools to see what you know about the quantity demanded formula. Questions related to how this formula is used will be included in this quiz.

Quiz & Worksheet Goals

In order to successfully complete this quiz, you should be prepared to answer questions dealing with:

  • What quantity demanded is
  • How it might change
  • Examples of these changes

Skills Practiced

A certain amount of practice is required to improve your study skills. Work on the following abilities as you complete this quiz and worksheet:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on quantity demanded
  • Interpreting information - verify that you can read information regarding the relationship between quantity demanded and price and interpret it correctly
  • Knowledge application - use your knowledge to answer a question about products that are available too early

Additional Learning

Study the lesson that accompanies this quiz, titled Quantity Demanded: Definition & Factors, and you'll have the opportunity to learn about:

  • The role of customers in quantity demanded
  • Times when demand is high
  • Ways demand can be shifted
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