Title: QUIZ: Demand -- Economic Lowdown Video Series
Course: Andria Testing FRE2 > Section: Demand -- Economic Lowdown Video Series

Q: The Law of Demand states that
- price changes shift the demand curve.
- as price increases, quantity increases.
- as price increases, quantity decreases.
- price changes have no effect on quantity.
A: as price increases, quantity decreases.

Q: On a demand graph,
- price is on the y axis; quantity is on the x axis.
- price is on the x axis, quantity is on the y axis. 
- supply is on the x axis, price is on the y axis
- supply is on the y axis, price is on the x axis
A: price is on the y axis; quantity is on the x axis.

Q: Demand curves slope downward because there is
- a direct relationship between price and quantity demand.
- an inverse relationship between price and quantity demanded. 
- no relationship between price and quantity demanded.
- a direct relationship between price and demand.
A: an inverse relationship between price and quantity demanded. 

Q: If scientists discover that eating bacon reduces cholesterol levels,
- the demand for bacon will increase.
- the demand for bacon will decrease.
- there will be fewer pounds of bacon consumed.
- there will be no effect on the consumption of bacon. 
A: the demand for bacon will increase.

Q: An increase in the price of peanut butter will cause the
- demand curve for jelly to shift to the left.
- demand curve for jelly to shift to the right.
- demand curve for peanut butter to shift to the right.
- demand curve for peanut butter to shift to the left.
A: demand curve for jelly to shift to the left.

Q: An increase in the number of consumers in the market for chocolate would cause
- the demand curve to shift to the right.
- the demand curve to shift to the left.
- movement along the demand curve.
- the quantity demand to increase. 
A: the demand curve to shift to the right.