Analyzing Demand Quiz

Lily is analyzing the sales of her lemonade stand. What should she show on her graph according to Task 2, point 3?

• The demand if the price decreases.

• The demand if the price increases.

• The demand if the product quality changes.

• The demand if the quantity changes.

Chloe and Thomas are part of a study where everyone's income is doubled. What is the effect on the demand for goods and services?

• Demand decreases

• Demand remains the same

• Demand increases

• Demand becomes unpredictable

After a widely reported health risk associated with a popular snack, what is a likely result on its demand?

• Demand increases

• Demand decreases

• Demand remains the same

• Demand becomes unpredictable

Ava owns a bakery and notices that a nearby competitor has reduced their prices. What is the expected change in demand for Ava's bakery products?

• Demand for Ava's bakery products increases

• Demand for Ava's bakery products decreases

• Demand for Ava's bakery products remains the same

• Demand for Ava's bakery products becomes unpredictable

Florence is considering buying a new smartphone. How does the popularity of the retailer she chooses affect the demand for the smartphone?

• It decreases demand

• It increases demand

• It has no effect on demand

• It makes demand unpredictable

Emma is planning to launch a new product in a market where the average income has recently increased. What is the expected impact on the demand for her product?

• Demand decreases

• Demand remains the same

• Demand increases

• Demand becomes unpredictable

After a successful marketing campaign, what is the expected change in demand for a newly launched gadget?

• Demand increases

• Demand decreases

• Demand remains the same

• Demand becomes unpredictable

After a significant improvement in the quality of a product, what is the expected change in its demand?

• Demand increases

• Demand decreases

• Demand remains the same

• Demand becomes unpredictable

Oliver is considering a price increase for his service. How might this affect the demand for his service?

• Quantity Demanded increases

• Quantity Demanded decreases

• Quantity Demanded remains the same

• Quantity Demanded becomes unpredictable