Changes in Demand

Tostitos increases their price, Doritos decreases their price. What would happen to the demand of Tostitos?

• Decrease

• Increase

movement along the demand curve showing that a different quantity is purchased

• Change in quantity demanded

• Change in demand

• Change in market equilibrium

• Change in supply

We are looking at a shift of the demand curve, either to the left or the the right. (PINET).

• Change in quantity demanded

• Change in demand

• Change in market equilibrium

• Change in supply

Consumers demand more of this type of good when their income rises.

• Normal good
• Inferior good
• Elastic good
• Substitution good

Which one is not a "change of demand":

• Tastes and Prefereces

• Prices of related goods

• Productivity/Technology

• Numbers of Consumers

Mrs. Winch goes to the store, and realizes Colgate is cheaper than Aqua-fresh...she purchases Colgate. This is an example of:

• Expectations for the Future

• Numbers of Consumers

• Prices of Related Goods

• Consumer's Income

Rachel just got a raise! she can now buy more pizza on the weekend.

• Price of Related Goods

• Expectations for the Future

• Tastes and Prefereces

• Consumer's Income

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

• increase
• decrease
• not be affected

A Shortage of grain is expected to hit next month. Consumers purchase more of the good now that is available.

• Tastes and Prefereces

• Expectations for the Future

• Price of Related Goods

• Numbers of Consumers

Due to the quarantine, more people were at home watching tv. What happened to the demand of Netflix?

• Decreased

• Increased