Demand

Demand

Multiple Choice

What is demand?

• People who purchase goods and services

• Willingness and ability of consumers to purchase a product at various prices

Multiple Choice

Price is always on what axis?

• X-Axis

• Y-Axis

Multiple Choice

Which axis is quantity measured on?

• X-Axis

• Y-Axis

Multiple Choice

When price goes up...what happens to demand?

• goes up

• goes down

• stays the same

Open Ended

What is an inverse relationship mean?

Multiple Choice

What is the only thing that can affect Qd on a Demand Curve?

• Popularity

• Holidays

• Price

• Demand

Multiple Choice

What can shift a demand curve?

• price

• Qd

• Non-Price Factors

• New Technology

Multiple Choice

If minimum wage goes up...what will happen to QD?

• stay the same

• increase

• decrease

• coach moman is compassionate

Multiple Choice

What is an inferior good?

• as income increases, demand increases

• as income increases, demand decreases

Multiple Choice

Which of the following would cause a shift on the demand curve?

• New production plants

• Consumerism

• Prices for gas go up

• Minimum wage goes up