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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   equalmorelessgoods quantity is demanded at a  constantlowerstagnanthigher price than at a lower price, ceteris paribus. This gives us a downward sloping demand curve. A   movementriseshiftfall along the same demand curve is caused by a change in   otherownsomelow price. A total   shiftincreasemovementdecline is caused by other demand  quantitiesunitsutilitiesdeterminants.  A normalA rationalA utilityAn individual consumer is one whose aim is to   aimminimisegainmaximise satisfaction. A rational decision-making firm, on the other hand, aims at maximising  salesrevenuecostsprofits.

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

Pass Mark
72%