Changes in Demand

1. A determinant of demand is something that might cause consumers to demand more or less of a good or service no matter what the __________ is.

• Size

• Price

• Quality

• Quantity

Which of the following are determinants of demand?

• Change in quality of goods

• Change in tastes or preferences

• Change in the number of producers

• Change in number of buyers (population)

Tags

E.1.4-5.b

Several thousand people move to Dover to find jobs at one of several new factories there. What is the effect of the change in population on the demand for housing in Dover?

• There is no change in the demand for housing in Dover.

• There is a decrease in the demand for housing in Dover.

• There is an increase in the demand for housing in Dover.

Tags

E.1.4-5.b

1. This headline appears in social media and newspapers across the country.

What is the effect of this new fad on the demand for Skittles candy?

• There is no change in the demand for Skittles candy.

• There is a decrease in the demand for Skittles candy.

• There is an increase in the demand for Skittles candy

• There is an increase in the supply of Skittles candy.

Tags

E.1.4-5.b

1. Flamin’ Hot Doritos tortilla chips and Flamin’ Hot Cheetos cheese snacks are substitutes. If Flamin’ Hot Doritos tortilla chips go on sale for half price, how will this affect the demand for Flamin’ Hot Cheetos cheese snacks?

• There will be an increase in the demand for Flamin' Hot Cheetos cheese snacks.

• There will be a decrease in the demand for Flamin' Hot Cheetos cheese snacks.

• There will be a decrease in the supply of Flamin' Hot Cheetos cheese snacks.

• There is no change in the demand for Flamin' Hot Cheetos cheese snacks.

Tags

E.1.4-5.b

What does the demand schedule above show about the demand for pickleball paddles from 2005 to 2022?

• The demand for pickleball paddles increased from 2005 to 2022

• The demand for pickleball paddles decreased from 2005 to 2022

• The supply of pickleball paddles did not change from 2005 to 2022

• The demand for pickleball paddles did not change from 2005 to 2022

Tags

E.1.4-5.b

The state of Delaware passes a new law that requires a person to be 18 years old in order to buy soda. After this law passes, the demand for soda decreases. The determinant that caused this change was:

• Change in taste or preferences

• Change in income

• Change in number of buyers (population)

• Change in the price of a substitute good

Tags

E.1.4-5.b