Demand

Front

If the price of gasoline increases, then the Demand for cars will

Back

increase

Front

A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in: tastes and preferences

Back

tastes and preferences

Front

If the price of Frozen Yogurt increased then the demand for ice cream will

Back

increase

Front

The Hong Kong government reduced income tax by 10%. The demand for shoes will

Back

increase

Front

A recent scandal in which 1 million fake Chanel hand bags have been discovered. There is an increase in Louis Vuitton hand bags because

Back

tastes and preferences

Front

The law of demand states that as the price increases then

Back

quantity demanded decreases

Front

The price of petrol/gas is expected to increase next week. Then today the demand for petrol/gas will

Back

increase

Front

The 2018 Winter Olympics are being held in PyeongChang South Korea. Demand for North Korea tourist visas has increased because of: market size, expectations of future prices, income, tastes and preferences.

Back

tastes and preferences

Front

The diagram represents a

Back

increase in demand

Front

Medicine to keep you alive is an example of an inelastic good.

Back

True