What is Demand?

Last year, everyone wanted to wear black jeans. This year, all the TikTok videos are showing red jeans. What will probably happen to the overall demand for red jeans?

• The demand will probably go up.

• The demand will probably go down.

Last year, everyone wanted to wear black jeans. This year, all the TikTok videos are showing red jeans. What will probably happen to the overall demand for BLACK jeans?

• The demand will probably go up.

• The demand will probably go down.

The price of TVs at a local electronics store has fallen by $10 in each of the last six months. The store's customers have noticed. Most of them expect the price to fall again next month.

What will probably happen to overall demand for TVs at that store this month?

• The demand will probably go up.

• The demand will probably go down.

A recent news story said that doctors recommend getting 45 minutes of exercise every day. It said that getting enough exercise is important for good health. What probably happened to the demand for gym memberships after the story was published?

• The demand will probably go up.

• The demand will probably go down.

The population in the Mission of San Francisco has grown by 10,000 people per year for the last five years. What has probably happened to the overall demand for apartments in the Mission?

• The demand will probably go up.

• The demand will probably go down.

There will be a hot, dry summer in the parts of Africa where coffee grows. Coffee beans do not grow well in hot and dry weather. Consumers expect crops to be smaller and coffee to be more expensive later in the year.

What will probably happen to the overall demand for coffee right now?

• The demand will probably go up.

• The demand will probably go down.

What will probably happen to the overall demand for fireworks after the Fourth of July is over?

• The demand will probably go up.

• The demand will probably go down.

A recent news story said a healthy diet is the key to living longer. It said people should eat less meat and more vegetables. What will probably happen to the overall demand for vegetables?

• The demand will probably go up.

• The demand will probably go down.

When coffee costs $10 per pound, 1,500 people in the town of Wildgrove are willing to buy a pound. But if the price of coffee rises to $18 per pound, only 1,200 people in Wildgrove would be willing to buy a pound.

Plot these two points on the graph below. The line that connects them is called a demand curve.

Answer explanation

When flashlights cost $24 each, only 400 people in the town of Morristown are willing to buy one. But if the price of flashlights falls to $15 each, then 800 people in Morristown would be willing to buy one.

Plot these two points on the graph below. The line that connects them is called a demand curve.