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Economics Basic Concepts – Quiz Set 4

Last updated on 2026-02-07

Three 10-question bundles from our Economics Basic Concepts quiz library.

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Table of contents

  1. Set 1: Economics – Set 1
  2. Set 2: Economics – Set 2
  3. Set 3: Economics – Set 3

Bundle 1

Economics – Set 1

Bundle ID: 1200000009

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1

Income rises and solar chargers is a normal good. What happens to demand for solar chargers?

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2

The price of a close substitute for solar chargers rises. What happens to demand for solar chargers?

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3

A key input cost for solar chargers increases. What happens to supply of solar chargers?

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4

Income rises and headphones is a normal good. What happens to demand for headphones?

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5

The price of a close substitute for headphones rises. What happens to demand for headphones?

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6

A key input cost for headphones increases. What happens to supply of headphones?

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7

Income rises and bike helmets is a normal good. What happens to demand for bike helmets?

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8

The price of a close substitute for bike helmets rises. What happens to demand for bike helmets?

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9

A key input cost for bike helmets increases. What happens to supply of bike helmets?

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10

Income rises and organic vegetables is a normal good. What happens to demand for organic vegetables?

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Bundle 2

Economics – Set 2

Bundle ID: 1200000010

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1

The price of a close substitute for organic vegetables rises. What happens to demand for organic vegetables?

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2

A key input cost for organic vegetables increases. What happens to supply of organic vegetables?

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3

Price of coffee changes by 10%, quantity demanded changes by 2%. Demand is:

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4

Price of coffee changes by 5%, quantity demanded changes by 15%. Demand is:

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5

Price of coffee changes by 20%, quantity demanded changes by 20%. Demand is:

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6

Price of coffee changes by 8%, quantity demanded changes by 4%. Demand is:

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7

Price of coffee changes by 6%, quantity demanded changes by 12%. Demand is:

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8

Price of bread changes by 10%, quantity demanded changes by 2%. Demand is:

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9

Price of bread changes by 5%, quantity demanded changes by 15%. Demand is:

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10

Price of bread changes by 20%, quantity demanded changes by 20%. Demand is:

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Bundle 3

Economics – Set 3

Bundle ID: 1200000011

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1

Price of bread changes by 8%, quantity demanded changes by 4%. Demand is:

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2

Price of bread changes by 6%, quantity demanded changes by 12%. Demand is:

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3

Price of smartphones changes by 10%, quantity demanded changes by 2%. Demand is:

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4

Price of smartphones changes by 5%, quantity demanded changes by 15%. Demand is:

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5

Price of smartphones changes by 20%, quantity demanded changes by 20%. Demand is:

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6

Price of smartphones changes by 8%, quantity demanded changes by 4%. Demand is:

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7

Price of smartphones changes by 6%, quantity demanded changes by 12%. Demand is:

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8

For a normal good, a rise in consumer income will typically:

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9

If two goods are complements, an increase in the price of one will:

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10

Price of bus rides changes by 20%, quantity demanded changes by 20%. Demand is:

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