
4.2 - Factors Affecting Demand
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Easy
Wayground Content
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10 questions
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1.
FLASHCARD QUESTION
Front
Movement along the demand curve showing that a different quantity is purchased in response to a change in price is a change in ___________ demanded.
Back
quantity
2.
FLASHCARD QUESTION
Front
That portion of a change in quantity demanded caused by a change in a consumer's income when the price of a product changes is the __________ __________.
Back
income effect
3.
FLASHCARD QUESTION
Front
When different amounts are demanded at every price, causing the demand curve to shift to the left or the right you have a ___________ ____ ____________ .
Back
change in demand
4.
FLASHCARD QUESTION
Front
_____________ are products related in such a way that an increase in the price of one increases the demand for the other.
Back
substitutes
5.
FLASHCARD QUESTION
Front
_____________ are products that are related in such a way that an increase in the price of one reduces the demand for the other.
Back
complements
6.
FLASHCARD QUESTION
Front
A change in quantity demanded is represented by
Back
movement along the demand curve
7.
FLASHCARD QUESTION
Front
What is the main cause of a change in quantity demanded?
Back
change in price
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