2/23 Act. 1 Bell Ringer Demand

What does a change in quantity demanded refer to?

• An increase in income

• A change in consumer preferences

• A shift in the demand curve

• A movement along a fixed demand curve caused by a change in price

What causes a change in demand?

• A movement along the demand curve

• A change in the price of the good itself

• A decrease in the quantity of the good supplied

• Factors such as income, preferences, and changes in the price of related goods

If the price of sugary, fizzy drinks increases from $3 to $4, what happens to the quantity demanded?

• It remains the same

• It decreases from 200 to 150

• It shifts the demand curve to the right

• It increases from 200 to 250

What is the result of a decrease in demand for sugary, fizzy drinks due to a viral marketing campaign for naturally sweetened sparkling water?

• A movement along the demand curve

• A shift in the demand curve down and to the left

• An increase in the quantity demanded

• An increase in price

What does a change in price alone cause?

• An increase in income

• Movement along the demand curve

• A change in consumer preferences

• A shift in the entire demand curve