Law of Demand MCQ

Below Law of Demand quiz are Multiple Choice Questions (MCQs) type Quiz. These Law of Demand MCQ Questions helps you to refresh your Law of Demand, you can see the correct option by clicking on it. .
  • 1. The law of demand refers to how

    • demand changes when people's incomes change
    • demand changes when the prices of substitutes and complements change
    • the quantity demanded changes when the price of the good changes
    • the price of the good changes when people's demand for the good changes
  • 2. All of the following are examples of complements EXCEPT

    • butter and margarine
    • cameras and film
    • peanut butter and jelly
    • flashlights and batteries