Supply and demand

Supply and Demand Curves

Multiple Choice

Which of the following will cause a movement along the demand curve?

• Income

• Price

• Taste and fashion

• Population

Multiple Choice

Which of the following will cause a shift in the demand curve to the right?

• A fall in income

• A fall in population

• An increase in income

• A change in technology

Multiple Choice

Which one of these would not cause a shift in the demand curve?

• Change in population

• Change in the price of a complement

• Change in price

• Change in income

Multiple Choice

Which one of these would cause a shift in the supply curve?

• Price

• Change in technology

• Change in taste and fashion

• Change in price of substitute

Multiple Choice

Which one of these would not cause a shift in the supply curve

• Change in Gov regulation

• Change in taxes

• Change in price of substiture

• Change in input prices

Multiple Choice

Which of these would cause the supply curve to shift?

• Wages levels rising

• A change in technology

• A change in taxes

• All of these

Multiple Choice

What would cause an extension in supply?

• fall in price

• Fall in technology

• Fall in subsidies

• change in government regulation

Multiple Choice

A movement along the demand curve ( Extension or contraction of demand) Is caused by

• A change in demand determinants

• A change in Government

• A change in supply determinants

• A change in substitues

Poll

Do you understand the determinants of supply and demand?

• Absolutely

• Some of it

• Need help with some of it

• Not at all