Our site uses cookies. Some of the cookies we use are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but parts of the site will not work. To find out more about cookies on this website, see our Cookie Policy
Accept
© eRevision.uk and ZigZag Education 2025
This test is run by .
Note that your final mark will not be saved in the system.

Demand GapFill

Target Level
C
Running Total
0
0%
Attempt
1 of 3

You must fill all the gaps before clicking ‘Check Answers!’

The law of demand states that   goodslessmoreequal quantity is demanded at a  lowerconstanthigherstagnant price than at a lower price, ceteris paribus. This gives us a downward sloping demand curve. A   risemovementshiftfall along the same demand curve is caused by a change in   ownothersomelow price. A total   increasemovementshiftdecline is caused by other demand  determinantsutilitiesquantitiesunits.  A rationalA utilityA normalAn individual consumer is one whose aim is to   maximiseaimgainminimise satisfaction. A rational decision-making firm, on the other hand, aims at maximising  profitssalesrevenuecosts.

This is your 1st attempt! You get 3 marks for each one you get right. Good luck!

Pass Mark
72%