Changes in Demand Reading Review

What could cause a decrease in demand for Jasmine's tacos?

• A blizzard

• A new menu item

• A holiday

• A price drop

What happens when there is a change in demand?

• Quantities demanded increase or decrease at all prices

• Prices remain constant

• Supply increases

• Production costs decrease

What is the effect of a street fair on Jasmine's taco demand?

• Increase in demand

• Decrease in demand

• No change in demand

• Fluctuating demand

What is the primary focus of the law of demand?

• Price

• Supply

• Production

• Advertising

Which price corresponds to a decreased market demand of 7 tacos per week?

• $0.50

• $1.00

• $2.50

• $3.00

What is a demand shifter?

• A factor that changes supply

• A factor that changes demand

• A factor that changes price

• A factor that changes production

What does the left column in the market demand schedule indicate?

• Increase in demand during a street fair

• Decrease in demand during a blizzard

• Original market demand

• Future demand predictions

What happens to the demand curve when the economy is growing and jobs are being created?

• It shifts to the left.

• It shifts to the right.

• It remains unchanged.

• It becomes vertical.

What effect does an economic downturn have on demand curves?

• Demand curves shift to the right.

• Demand curves shift to the left.

• Demand curves become horizontal.

• Demand curves remain unchanged.

How can a change in the number of consumers affect market demand?

• It causes demand to remain constant.

• It causes demand to shift.

• It causes demand to decrease only.

• It causes demand to increase only.