Consumer Behavior Quiz - CBSE Class 11 Economics

Free practice quiz: Consumer Behavior (CBSE Class 11 Economics). 29 multiple-choice questions with answers and explanations. Play online, no sign-up needed.

Sample questions

1. What does the term 'utility' refer to in economics?

   1. The ability to purchase goods
   2. Satisfaction derived from consumption
   3. The cost of production
   4. The amount of resources available
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   Answer: B. Satisfaction derived from consumption

2. What happens to the demand for inferior goods as consumer incomes rise?

   1. Demand increases
   2. Demand decreases
   3. Demand remains constant
   4. Demand fluctuates wildly
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   Answer: B. Demand decreases

3. What happens to quantity demanded when the price of a substitute good rises?

   1. It decreases
   2. It increases
   3. It remains unchanged
   4. It becomes zero
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   Answer: B. It increases

4. What happens to demand when income increases and the good is a normal good?

   1. Demand decreases
   2. Demand increases
   3. Demand remains unchanged
   4. Demand becomes perfectly inelastic
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   Answer: B. Demand increases

5. What is an 'inferior good'?

   1. A good that consumers buy less of as their income rises
   2. A good that is always affordable
   3. A good that is of low quality
   4. A good that has no substitutes
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   Answer: A. A good that consumers buy less of as their income rises

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