Demand
Flashcard
•
Social Studies
•
10th - 12th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
If the demand for a good increases when people's incomes increase,
Back
the good is a normal good
2.
FLASHCARD QUESTION
Front
When the price of a product increases, a consumer is able to buy less of it. Which effect does this describe?
Back
Income Effect
3.
FLASHCARD QUESTION
Front
Consider the market for cellular phones. Which of the following shifts the demand curve to the left? studies showing using cellular phones can cause brain cancer, a decrease in the price of cellular phones, a decrease in the quantity demanded of cellular phones, an increase in the services provided by cellular phones, such as text messaging
Back
studies showing using cellular phones can cause brain cancer
4.
FLASHCARD QUESTION
Front
Which of these best describes the law of demand?
Back
if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up
5.
FLASHCARD QUESTION
Front
The graph represents which concept of demand? Options: Change in Price, Decrease in Demand, Change in Quantity Demand (Slide), Change in Demand (Shift)
Back
Change in Demand (Shift)
6.
FLASHCARD QUESTION
Front
The price of coffee increases and people switch to drinking tea. The determinant of demand is
Back
Price of Related Goods (Substitutes)
7.
FLASHCARD QUESTION
Front
Identify which determinant of demand (Shifter) is involved: Kohl's Black Friday sales are approaching.
Back
Consumer expectations
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