Supply & Demand

Which one is from the perspective of consumers like you & me?

• Supply

• Demand

• Both

• Neither

The Demand curve slopes:

• Upward

• Downward

The Supply Curve slopes:

• Upward

• Downward

If people's incomes rise, demand will generally:

• Increase

• Decrease

When demand increases, the curve shifts to the:

• left

• right

If the Surgeon General warns that there was salmonella found in thousands of cantaloupes, demand for cantaloupe will:

• Increase

• Decrease

If the price of peanut butter skyrockets, the demand for jelly will:

• increase

• decrease

peanut butter & jelly are:

• complementary goods

• substitute goods

As the price of a good goes up, the quantity that suppliers are willing to produce will:

• increase

• decrease

As the price of a good goes up, the quantity demanded by consumers will:

• increase

• decrease