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Free "Determinants of Demand MCQ" App Download: "If the demand for the product does not change with the small change in price then the demand is said to be"; MCQ with answers: interactive, augmented, elastic, and inelastic. Practice Determinants of Demand Quiz Questions, download Apple Book (Free Chapter) to enhance promotional skills.

Determinants of Demand MCQs PDF Download – Prep Test

MCQ 1: If the demand for the product does not change with the small change in price then the demand is said to be:

  1. interactive
  2. augmented
  3. elastic
  4. inelastic

MCQ 2: The demand for a particular product can decline if the price is:

  1. stable
  2. high
  3. low
  4. constant

MCQ 3: The demand curve for the prestige goods slopes is:

  1. upward
  2. downward
  3. leftward
  4. rightward

MCQ 4: If the demand of the product changes considerably with the small change in price then the demand is said to be:

  1. interactive
  2. augmented
  3. elastic
  4. inelastic

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