Demand

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The diagram represents a

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increase in demand

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Consider the market for cars in Hong Kong. If the price of gasoline increases then the Demand for cars will

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decrease

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An decrease in demand for iPhones in HK could be caused by a(n): increase in price for Samsung Galaxy, increase in population in HK, the price for iPhones is expected to increase next week, the price of iPhone apps increased

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the price of iPhone apps increased

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The demand for avocados has increased due to a change in: market size, price of a substitute good, price of a complementary good, tastes and preferences

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tastes and preferences

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

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increase

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

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increase

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

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tastes and preferences

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The law of demand states that as the price increases then

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quantity demanded decreases

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

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increase

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What factor could have caused the demand to decrease? Options: incomes increased, expectation that prices will increase, a decrease in the price of a substitute, increase in market size

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a decrease in the price of a substitute