SHS Economics · Year 2

Demand (Y2) practice questions

Elasticity of demand and more advanced analysis of the factors and behaviours that shape demand for goods and services.

14 questions in this topic: 3 recall, 6 applying skills and concepts, 3 strategic thinking and 2 extended thinking. Every one carries a written explanation.

Sample questions

3 of 14 questions in this topic. Sign up to answer them and see the explanations.

  1. Question 1Extended thinking

    A rise in income increases demand for holidays abroad (a normal good) but reduces demand for cheap instant noodles (an inferior good). What does this contrast illustrate?

    • aThe effect of income on demand differs for normal goods versus inferior goods
    • bIncome has no effect on demand for any type of good
    • cBoth normal and inferior goods always see rising demand as income rises
    • dInferior goods only exist in theory and have no real-world examples
  2. Question 2Skills & concepts

    On a graph showing change in quantity demanded, the movement is best represented as

    • amovement along the same curve, upward or downward
    • ba parallel shift of the whole curve to the right
    • ca parallel shift of the whole curve to the left
    • dthe complete disappearance of the demand curve
  3. Question 3Skills & concepts

    Parents buy more exercise books now because they expect prices to rise soon. Which factor affecting demand does this illustrate?

    • aExpectation of future price change
    • bThe current price of the exercise books
    • cThe taste and preference of the buyer
    • dThe number of buyers in the market

Answer these and 11 more on Demand (Y2)

Free account. Instant marking, a written explanation for every question.

Start practising free

More Economics Year 2 topics

All Economics topics