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Determinants of Demand

Authored by Donna Kunkel

Social Studies

9th - 12th Grade

Used 79+ times

Determinants of Demand
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35 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

States that people buy a different quantity of a product if that product’s price changes, appearing as a movement along the demand curve.

Change in demand

Change in supply

Change in quantity demanded

Change in quantity supplied

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The effect that increasing or decreasing prices has on the buying power of a person is better known as....

Income Effect

Substitution Effect

Diminishing Marginal Returns

Inflation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Goods for which demand goes down as income goes up are better known as....

Inferior Goods

Normal Goods

Public Goods

Private Goods

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This is a product that can be used in place of another product:

Product Good

Complementary Good

Related Good

Substitution

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All of the following are examples of complements EXCEPT

butter and margarine

cameras and film

peanut butter and jelly

flashlights and batteries

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jennifer Lopez is seen wearing a new short and sleek dress. People now want this dress. Which demand determinant is this most likely to fall under?

Change in Consumer Income

Change in Consumer Preference

Change in Price of Substitute Good

Change in Consumer Price Expectations

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Oreo cookies are now extremely expensive to purchase. Instead of buying Oreo cookies, I now want to buy Chips Ahoy. What determinant of demand does this likely fall under?

Change in Price of Complementary Good
Change in Price of Substitute Good
Change in Consumer Price Expectations
Change in Number of Consumers in the Market

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