Shifting Demand

Shifting Demand

12th Grade

18 Qs

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Shifting Demand

Shifting Demand

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Joel Simonds

Used 40+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are factors (besides price) that determine demand

income, prices of related goods, demand curve

consumer taste, market size, decisions by businesses

demand curve, market size, income

market size, income, consumer taste/style

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

As income rises...

demand decreases

demand increases

demand is unchanged

demand fluctuates

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of these is NOT a factor that affects market size?

consumer expectations

income

diminishing marginal utility

government policy

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If the price of milk is increasing, you may go buy almond milk instead. What is this?

diminishing marginal utility

income effect

substitute goods

government intervention

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Paint is on sale, so you decide to paint the house. You also have to buy paint brushes, drop cloths and buckets. What are these?

substitute goods

increased market size

income effect

complimentary goods

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A new band gets to perform on the Jimmy Kimmel show, so people become interested and download the band onto their Spotify playlist. What has happened?

market size decreased

market size increased

positive consumer expectations for the future

income effect

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Demand curve shows level of consumer demand for a product. If there is an INCREASE in demand due to one of the demand shifters, what happens to the curve?

shift right

shift left

no change, it doesn't even matter

changes direction

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