Shifts in Demand

A decrease in demand causes what kind of shift?

• A shift down

• A shift to the left

• A shift up

• A shift to the right

An increase in demand causes what kind of shift?

• A shift to the right

• A shift down

• A shift to the left

• A shift up

Which of the following are factors that cause a shift in demand?

• Income of the buyers

• Consumer trends and tastes

• Expectations of future price, supply, and needs

• Prices of related goods

• All of the above

Kelly recently got a promotion at work, what is she likely to do?

• Buy less product

• Take a bubble bath to celebrate

• Buy more product

• Tell her friends and family

Rhonda recently lost her job, what is she likely to do?

• Eat ice cream and cry

• Buy less product

• Buy no product

• Buy more product

The mad cow disease caused consumers to purchase less beef and more chicken. What does this mean for the demand?

• Demand for both increases

• Demand for beef decreases and demand for chicken increases

• Demand for beef increases and demand for chicken decreases

• Demand for both remains the same

The price of beef rising, creating a higher demand for cheaper chicken is an example of what demand factor?

• Expectations of future price, supply, and needs

• Consumer trends and tastes

• Price of related goods

• Income of the buyers

The price of hot dogs increases, what does this mean for the demand of ketchup?

• The demand for ketchup decreases

• The demand for ketchup increases

• The price for ketchup decreases

• The price for ketchup increases

The price of cream cheese decreases, what does this mean for the demand of bagels?

• The demand for bagels decreases

• The price for bagels decreases

• The demand for bagels increases

• The price for bagels increases

The mad cow disease causing an increase in demand for chicken is an example of what factor of demand?

• Consumer trends and tastes

• Income of the buyers

• Prices of related goods

• Number of potential buyers