Demand

The definition of demand in an economic perspective is

• the desire to purchase goods and services at a certain price.

• the desire of all individuals in a market to purchase goods and services at a certain price.

• the desire of an individual to obtain goods and services, supported by the ability to pay a certain price.

• the ability of an individual to spend his/her income to purchase goods and services.

The law of demand shows the relationship between

• consumers' income and demand.

• population and demand.

• demand and supply

• price and quantity demanded

A movement along a demand curve can be influenced by

• tastes

• population

• the product's price

• consumer's income

Assuming other factors do not change, an increase in the price of cameras will cause the demand curve for film to

• remain unchanged.

• shift to the left.

• shift to the right

• become steeper.

The figure shows the demand curve for goods. The shift in the demand curve from D1 to D2, is caused by

• a fall in the price of complementary goods.

• an increase in the price of complementary goods.

• increased taxes.

• a fall in the price of substitute goods.

Of the different prices and quantity demanded tabled above, which does not follow the law of demand?

• The increase in price from RM3 to RM4.

• The increase in price from RM4 to RM5.

• The increase in price from RM5 to RM6.

• The increase in price from RM6 to RM7.

The table shows the demand of individuals A and B for goods X in a market. If the market consists of these consumers only, determine the market demand at the price of RM2.

• 10 units

• 13 units

• 15 units

• 18 units

The movement from point A to point B along the demand curve DD is caused by

• decreased consumer's satisfaction.

• increased consumer's real

• decreased price of the goods.

• decreased quantity demanded of the good.

Of the following factors, which will cause the demand curve to shift from D1 to D2?

• Increased production costs

• Increased prices of substitute goods.

• Taxation of complementary goods.

• Expansion of demand for complementary goods.

When the price of goods A increases, the demand for goods B increases, while the demand for goods C decreases. What is the relationship between goods A, B, and C?

• Goods A is a substitute goods for B and a complementary goods for C.

• Goods A is a complementary goods for B and a substitute goods for C.

• Goods A is a substitute goods for both B and C.

• Goods A is a complementary goods for both B and C.