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.

This CBSE Class 11 Economics practice quiz has 29 multiple-choice questions on Consumer Behavior. Try the 5 sample questions below (tap an option to check yourself), then play the full quiz 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
   Show answer

   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
   Show answer

   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
   Show answer

   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
   Show answer

   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
   Show answer

   Answer: A. A good that consumers buy less of as their income rises

More questions in this quiz

Answers and explanations are in the full quiz.

1. What is the law of diminishing marginal utility?
2. What does an indifference curve represent?
3. What is the primary goal of a consumer?
4. How does the concept of 'bounded rationality' affect consumer behavior?
5. What does the concept of 'elasticity of demand' measure?
6. How do changes in taste and preferences affect demand?
7. If a product's demand is highly elastic, what does this imply?
8. What is the basic concept of consumer behavior?
9. What term describes the maximum amount a consumer is willing to pay for a good?
10. If a consumer's income increases, what is likely to happen to the demand for inferior goods?
11. What does the term 'elasticity of demand' refer to?
12. When the price of a good falls, which of the following occurs according to the law of demand?
13. What effect does a shift in consumer tastes have on demand?
14. How does consumer confidence influence purchasing behavior?
15. In behavioral economics, what is the impact of framing on consumer choices?
16. What is the primary focus of consumer behavior in microeconomics?
17. What is the law of demand?
18. In the context of consumer behavior, what does 'utility' refer to?
19. If a consumer's income increases, what is likely to happen to their demand for normal goods?
20. How does the concept of 'substitutes' affect consumer choice?
21. Which of the following best explains the 'law of diminishing marginal utility'?
22. What is meant by the term 'budget constraint'?
23. How would consumers typically react to a price drop in a good they frequently buy?
24. What is 'consumer surplus'?

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