_________ is the amount of product that people would be willing and able to purchase at every possible price. Meanwhile, _________ is the amount of a product that people are willing and able to purchase at a specific price.
Lesson 3. Demand and determinants of demand

Quiz
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Business
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University
•
Medium
phuong Trinh
Used 30+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand; Quantity demanded
Quantity demanded; Demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the law of demand, when price ............, the quantity demanded .....
increases, decreases
increases, increases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When consumers’ income increases, demand for normal goods ______ and the demand curve shifts ________
Increases; leftward
Increases; rightward
Decreases; leftward
Decreases; rightward
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there are less buyers, demand ______ and the demand curve shifts ________
Increases; leftward
Increases; rightward
Decreases; leftward
Decreases; rightward
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When prices are expected to decrease in the future, demand ______ and the demand curve shifts ________
Increases; leftward
Increases; rightward
Decreases; leftward
Decreases; rightward
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When consumer’s income is expected to rise in the future, demand ______ and the demand curve shifts ________
Increases; leftward
Increases; rightward
Decreases; leftward
Decreases; rightward
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When consumers don’t like the products, demand ______ and the demand curve shifts ________
Increases; leftward
Increases; rightward
Decreases; leftward
Decreases; rightward
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