Opt 4 eco starter 11 the oct

Quiz
•
Business
•
10th Grade
•
Medium
Vijitha Kakkoth
Used 1+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As people’s tastes change in favor of a good, or due to an effective advertising, demand increases
Demand curve shifts to the right
Demand curve shifts to the left
none
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As people’s tastes change against a good, or a good loses popularity, demand decreases.
Demand curve shift to right
Demand curve shift to left
none
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If two goods are SUBSTITUTES, when the price of Good A increases, demand for Good B increases
Demand curve of product B will shift to right
Demand curve of product B will shift to left
none
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If two goods are SUBSTITUTES, when the price of Good A decreases, demand for Good B decreases.
Demand curve for good B shift to left
Demand curve for good B shift to right
None
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Movement along the demand curve when quantity demanded changes due
Changes in price
Changes in other factors influencing demand
None
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With an increase in quantity demanded:
• there has been a movement from one point on the demand curve to another point on the same demand curve
there is change in fashion so people are demanding more
Increase in advertising campaign
Increase in population
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With an increase in demand:
the demand curve shifts to the left at every possible price, a greater quantity is demanded.
• the demand curve shifts to the right at every possible price, a greater quantity is demanded.
None
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in demand might be caused by:
• a decrease in the number of consumers.
• an decrease in consumers' income
• an increase in the number of consumers.
• an increase in consumers' income
None
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