Mr. Johnson's Delightful Demand Challenge

Front

Which statement best illustrates the law of demand? Options: As price increases, demand increases; As price decreases, demand increases; As price increases, quantity demand increases; As price decreases, quantity demand increases

Back

As price decreases, quantity demand increases

Front

Which way does a decrease in demand shift?

Back

Front

Which way does an increase in demand shift?

Back

Front

What would be the best example of a substitute good for an apple?

Back

Pear

Front

What is the best example of a substitute good for a hamburger?

Back

chicken sandwich

Front

What is the best example of a complementary good for tortilla chips?

Back

salsa

Front

What would be the best example of a complementary good for a hot dog? Options: Cheeseburger, Pizza, Fries, Broccoli

Back

Fries

Front

Quantity demanded moves along the demand curve in response to changes in

Back

price.

Front

Market for Burgers: The price of french fries decreases. What diagram shows what will happen as a result of the scenario?

Back

Front

Market for Burgers: The price of french fries decreases. What is the best explanation for the change?

Back

Change in the Price of a Complementary Good