QH

English • basic-concepts

Economics Basic Concepts – Quiz Set 6

Last updated on 2026-02-07

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

Explore all quizzes Practice flash cards Try IQ Test Practice
🔥 Try today’s daily challenge

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: 1200000015

Score: 0 / 10 Play Quiz Play Flash Cards Play Games
1

The equilibrium price is the price at which:

Score: 0 / 10

Pick an answer —

2

A shortage occurs when:

Score: 0 / 10

Pick an answer —

3

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

Score: 0 / 10

Pick an answer —

4

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

Score: 0 / 10

Pick an answer —

5

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

Score: 0 / 10

Pick an answer —

6

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

Score: 0 / 10

Pick an answer —

7

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

Score: 0 / 10

Pick an answer —

8

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

Score: 0 / 10

Pick an answer —

9

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

Score: 0 / 10

Pick an answer —

10

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

Score: 0 / 10

Pick an answer —

Bundle 2

Economics – Set 2

Bundle ID: 1200000016

Score: 0 / 10 Play Quiz Play Flash Cards Play Games
1

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

Score: 0 / 10

Pick an answer —

2

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

Score: 0 / 10

Pick an answer —

3

If the price of a good falls and quantity demanded rises, this is:

Score: 0 / 10

Pick an answer —

4

If consumer tastes shift toward a good, demand for it will:

Score: 0 / 10

Pick an answer —

5

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

Score: 0 / 10

Pick an answer —

6

Improved production technology will generally:

Score: 0 / 10

Pick an answer —

7

If market price is above equilibrium, the likely result is:

Score: 0 / 10

Pick an answer —

8

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

Score: 0 / 10

Pick an answer —

9

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

Score: 0 / 10

Pick an answer —

10

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

Score: 0 / 10

Pick an answer —

Bundle 3

Economics – Set 3

Bundle ID: 1200000017

Score: 0 / 10 Play Quiz Play Flash Cards Play Games
1

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

Score: 0 / 10

Pick an answer —

2

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

Score: 0 / 10

Pick an answer —

3

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

Score: 0 / 10

Pick an answer —

4

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

Score: 0 / 10

Pick an answer —

5

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

Score: 0 / 10

Pick an answer —

6

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

Score: 0 / 10

Pick an answer —

7

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

Score: 0 / 10

Pick an answer —

8

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

Score: 0 / 10

Pick an answer —

9

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

Score: 0 / 10

Pick an answer —

10

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

Score: 0 / 10

Pick an answer —

FAQs on practising synonyms

How should I use these quizzes?

Skim the questions once, then answer without overthinking. After each bundle, reflect on why the correct answer fits best.

Can I replay a bundle?

Yes. Use the Play Quiz button to redo any bundle and watch for new explanations you may have missed.

Do the flash cards match the quizzes?

Yes. Each flash card set mirrors the same questions so you can drill answers quickly.

What if I only have five minutes?

Pick one bundle and run through it. Ten focused questions give a solid micro-practice session.

Will harder sets arrive?

We regularly publish fresh bundles across easy, medium, and hard levels. Check back often.

Keep going

Ready for the next round?

Jump back into quizzes or flip through flash cards. Consistent, short sessions build the strongest recall.

Browse quizzes Browse flash cards Try IQ Test Practice
↑