SSEMI 2 Test 2 Review

The prices consumers pay are determined by

• chance.

• producers.

• markets.

• advertising.

In economics, demand means

• willingness and desire to buy a good.

• willingness and ability to buy a good.

• ability to buy a good.

• willingness to buy a good.

Demand curves

• slope upward from left to right.

• slope downward from left to right.

• show a positive relationship.

• slope downward from right to left.

Which of the following could increase demand for a good?

• higher birthrate

• increased immigration

• higher prices in the future

• All of the above

A shift of the demand curve represents

• a movement on the demand curve.

• a change in the quantity demanded.

• a change in demand.

• All of the above

What will happen in the car market if consumers expect higher prices in the near future?

• The demand for cars will decrease.

• The demand for cars will increase.

• The supply of cars will drop.

• The demand for cars will not change.

If the number of buyers in the market increases, which of the following will happen?

• The supply in the market will increase.

• The demand in the market will decrease.

• The demand in the market will increase.

• The supply in the market will decrease.

If the demand for computers increases, the demand curve will

• go up.

• go down.

• shift to the left.

• shift to the right.

If the demand curve shifts to the left, it means

• sellers will produce less.

• buyers want to buy less.

• there is less of the product.

• there is more of the product.

Which of the following will not change the demand for a product?

• a change in the price of a substitute

• a change in income

• a change in expectations about the future price of the product

• a change in the price of the product