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Correct Answer: B) An increase in total revenue.
Correct Answer: C) Vera Wang.
Correct Answer: B) Total revenue.
Correct Answer: B) Income effect.
Correct Answer: A) Quantity demanded.
Correct Answer: D) Supply _____ left.
Correct Answer: A) Buyers purchase more at lower prices than at higher prices.
Correct Answer: C) Change in the weather or season.
Correct Answer: A) Surplus.
Correct Answer: A) The substitution effect.
Correct Answer: A) Demand.
Correct Answer: C) Will change total revenue in same direction.
Correct Answer: B) A change in price.
Correct Answer: B) Goes up.
Correct Answer: A) Elasticity of Demand.
Correct Answer: D) Excess demand.
Correct Answer: C) The desire, ability, and willingness to buy a product.
Correct Answer: C) Total revenue does not change.
Correct Answer: A) Elastic.
Correct Answer: C) Change in quantity demanded.
Correct Answer: D) Negatively related.
Correct Answer: A) Price.
Correct Answer: A) Competition of prices.
Correct Answer: A) Rent or utilities.