Economics

CFA Level 1 · 5 questions

Key Takeaways

Covers microeconomics (supply/demand, market structures), macroeconomics (GDP, business cycles, policy), and exchange rates.
Tests conceptual understanding more than calculation, with some numerical elasticity and exchange-rate problems.
Typically weighted 6–9% of the Level 1 exam.

economics1 / 5

Question 1Easy

Which of the following best describes the law of demand?

A.As the price of a good increases, the quantity demanded decreases, all else equalB.As the price of a good increases, the quantity supplied increasesC.Consumer preferences always remain constant over timeD.Higher prices always lead to higher total revenue

Select an answer and check it