2ndQT_REVIEW DEMAND_Social Studies 9

Quantity of a commodity in the market that an individual wants to purchase in a given period of time

• supply

• market

• demand

• equilibrium

An increase in demand is shown when the demand curve _________________.

• shifts to the right

• does not change

• shifts to the left

• none of the above

A decrease in demand is shown when the demand curve _________.

• shifts to the right

• does not change

• shifts to the left

• none of the above

The law of demand states that as price decrease, quantity demanded ____________.

• increases

• does not change

• decreases

• none of the above

Quantity demanded will decrease if the price of a good or service _______

• increases

• does not change

• decreases

• none of the above

A shift of the demand curve happens when there is a change in _____________

• Tax

• Income

• Subsidy

• Expenditure

The consumer’s behavior affects the price of the commodities. The price of the commodities will tend to increase if ___.

• income decreases

• there is an oversupply in the market

• the consumer changes his/her decision

• the quantity demanded is more than the quantity supplied at a given price

Which of the following would lead to an increase in the demand for laptop when the price is constant?

• increase in income

• decrease in population

• expectation of consumer

• preference of consumer

There are determinants of demand which may result to its increase and decrease. When the consumers speculate what will happen to the economy, they _____________

• save their money

• resort to panic buying

• change their demand

• decrease their demand

The price of sugar causes the demand curve for coffee to shift to the left. Therefore, ________.

• sugar is a normal good

• sugar and coffee are substitute goods

• coffee is an inferior good

• sugar and coffee are complimentary goods