Supply & Demand

Front

Which one is from the perspective of consumers like you & me? Supply, Demand, Both, Neither

Back

Demand

Front

The Demand curve slopes:

Back

Downward

Front

The Supply Curve slopes:

Back

Upward

Front

If people's incomes rise, demand will generally:

Back

Increase

Front

When demand increases, the curve shifts to the:

Back

right

Front

If the Surgeon General warns that there was salmonella found in thousands of cantaloupes, demand for cantaloupe will:

Back

Decrease

Front

If the price of peanut butter skyrockets, the demand for jelly will:

Back

decrease

Front

peanut butter & jelly are:

Back

complementary goods

Front

As the price of a good goes up, the quantity that suppliers are willing to produce will:

Back

increase

Front

As the price of a good goes up, the quantity demanded by consumers will:

Back

decrease