Demand

The diagram represents a

• increase in demand
• decrease in demand

A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in

• market size
• price of a substitute good
• price of a complementary good
• tastes and preferences 

The law of demand states that as the price increases then 

• quantity demanded increases
• quantity demanded decreases
• demand increases
• demand decreases

Consider the market for SUVs. If the price of gasoline increases then the Demand for these vehicles will

• increase
• decrease
• not be affected

The law of demand states that as the price increases then 

• quantity demanded increases
• quantity demanded decreases
• demand increases
• demand decreases

Chevy is offering trucks at lower prices, people are buying more trucks because of

• change in demand to expectations
• change in demand due to complements.
• change in demand due to income
• change in quantity demanded due to a change in price.

A change in demand is shown

• along the demand curve
• with a new demand curve above or below the original demand curve
• without a demand graph
• with a totally vertical line

Which of the following best describes the Law of Demand?

• As price goes down, demand goes down. (and vice versa).
• As price goes down, demand goes up (and vice versa).
• As demand goes down, supply goes up.
• As demand goes up, price becomes elastic.

A good used in place of another good to meet the same need is called

• Complementary good
• Capital Good
• Substitute Good
• Consumer Good

The price of movie tickets in a town has risen from $7 to $9. What is the most likely effect of the change in price?

• The demand curve for movie tickets will move right.
• The quantity demanded for movie tickets will increase.
• The demand curve for movie tickets will move left
• The quantity demand for movie tickets will decrease