Understanding the Individual Demand Curve Video

Instructions:

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

question 1 of 3

How many people does an individual demand curve track?

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1. At which point do the supply and demand curves meet?

2. A sale on beach balls would cause:

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About This Quiz & Worksheet

Test your ability to define the individual demand curve and determine how it is used for businesses today in this quiz/worksheet combo. In order to pass the quiz, you will need to know how the demand curve is used.

Quiz & Worksheet Goals

Using these interactive assessment tools, you can assess your knowledge of the following topics:

  • Shifts to the right of the individual demand curve
  • Type of shift resulting from a sale on pasta
  • Type of shift from a newly-developed food allergy
  • Point at which the supply and demand curve meet

Skills Practiced

In these assessments, you can practice these skills:

  • Information recall - access the knowledge you have gained regarding shifts to the right on the individual demand curve
  • Reading comprehension - ensure that you draw the most important information from the related lesson on the individual demand curve
  • Knowledge application - use your knowledge to answer questions about characteristics of the individual demand curve

Additional Learning

If you would like to know more about the individual demand curve and how to use it, review the lesson called Understanding the Individual Demand Curve. This lesson covers the following objectives:

  • Examine how the demand curve is used
  • Determine what causes large shifts on the individual demand curve
  • Understand what the individual equilibrium point means
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