Unit 2: Microeconomics
Topic 2.1: Demand Questions
Practice 20 exam-style questions for IB Economics Topic 2.1. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
1Explain2 marks
2026
Explain how an increase in income affects demand for a normal good.
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Distinguish between a normal good and an inferior good.
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A shift of the demand curve to the right indicates:
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A rise in the price of a substitute good will cause the demand curve for the original good to:
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Games consoles and video games are **complementary goods**.
Define the term **complementary goods**.
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State four determinants of demand other than the price of the good.
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Explain one way advertising can affect demand.
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An increase in consumer income will shift the demand curve for a normal good:
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If the price of coffee rises from $3 to $5 and the quantity demanded falls, this is best described as:
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Identify whether the following causes a movement or a shift: a successful advertising campaign.
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Explain how a fall in price affects quantity demanded.
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2026
Distinguish between individual demand and market demand.
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2026
Define the term quantity demanded.
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Individual demand differs from market demand in that:
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The demand curve slopes downward from left to right because:
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A movement along the demand curve is caused by:
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Explain the law of demand and the reasons why the demand curve slopes downward.
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