Determinants of Demand
Quiz
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Fun
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7th Grade
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Practice Problem
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Medium
Kelly Donilon
Used 24+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Platform shoes were trending in the early 2000s, they are now out of style and demand has decreased. This is an example of what type of determinant of Demand.
Income of Buyers
Expectations of Price
Tastes and Preferences
Related Goods- Complement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
McDonald's just came out with a new burger and it looks delicious. Demand for this burger you have seen on TV has risen. This is an example of what type of determinant of Demand.
Income of Buyers
Expectations of Price
Tastes and Preferences
Related Goods- Complement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good that can be used as a replacement for another.
Related Good - Complementy
Related Goods- Substitute Goods
Preferences and Taste
Number of Buyers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Powerade lowers their price, what will happen to the demand for Gatorade?
It will increase.
It will decrease.
It will stay the same.
People will buy more Pepsi.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good whose use is directly related to the use of another good: paired good
Ex: peanut butter and jelly,
Related Goods:
Complementary
Related Goods:
Substitution
Tastes and Preferences
Income Change
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of tortilla chips increases, the demand for salsa will
go up
go down
Stay the same
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Markers and coloring books are complementary goods. The price of the coloring books has recently gone up, what will happen for the demand of the markers.
It will decrease.
It will increase.
It will stay the same.
A change will not happen.
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