BrainMass Quizzes Elementary Microeconomics This quiz reviews the basic concept of supply and demand analysis. 1 There is a directly proportional relationship between price and quantity demanded. True False 2 A leftward movement of the demand curve means ____________. Increase in quantity demanded Decrease in the quantity demanded Stationary Increase in the quantity supplied Decrease in quantity supplied 3 Price and quantity supplied are directly proportional. True False 4 What will happen to the price if the demand curve moves to the right and the supply curve remains stationary. Remains the same Decrease Increase 5 What will happen to the price if the demand curve remains stationary while the supply curve moves to the left? Remains the same Decrease Increase Submit Quiz
