Demand and Its Determinants
Economics ⇒ Consumer and Producer Behaviour
Demand and Its Determinants starts at 11 and continues till grade 12.
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See sample questions for grade 11
A consumer buys 10 units of a good at Rs. 20 each. When the price falls to Rs. 15, she buys 15 units. Calculate the change in quantity demanded.
A consumer's income increases from Rs. 10,000 to Rs. 12,000 per month. As a result, her demand for branded clothes increases. What type of good are branded clothes in this case?
A family increases its consumption of public transport when petrol prices rise. What does this indicate about the relationship between public transport and petrol?
A shopkeeper observes that when the price of cold drinks falls in summer, the quantity sold increases sharply. What does this indicate about the demand for cold drinks?
Define demand in economics.
Describe the effect of a decrease in the price of a complementary good on the demand for a product.
Describe the effect of a successful advertising campaign on the demand for a product.
Describe the effect of consumer expectations on demand.
Explain how changes in fashion and tastes affect demand.
Explain how population affects the market demand for a commodity.
Explain the concept of 'ceteris paribus' in the context of the law of demand.
Explain the difference between a movement along the demand curve and a shift of the demand curve.
Explain the difference between individual demand and market demand.
Explain the term 'latent demand' with an example.
If the price of a good falls from Rs. 50 to Rs. 40 and the quantity demanded increases from 100 units to 150 units, what is the percentage change in quantity demanded?
If the price of petrol rises, what is likely to happen to the demand for cars?
If the price of tea increases, what is likely to happen to the demand for coffee, assuming they are substitute goods?
State any two exceptions to the law of demand.
State any two factors, other than price, that affect demand.
State the law of demand.
