Demand Curves

Graph shows which of the following?
(actually use this graph to answer the question)

• a decrease in demand and a decrease in quantity supplied

• a decrease in demand and a decrease in supply

• a decrease in quantity demanded and a decrease in quantity supplied

• a decrease in quantity demanded and a decrease in supply

Refer to Figure above. From the information in the figure we can obtain:

• a point on a demand curve.

• a series of points on a demand curve.

• a price-consumption curve.

• an income-consumption curve.

The connection of points B and D forms:

• a demand curve.

• an income-consumption curve.

• a price-consumption curve.

• a shift from one demand curve.to another.

From the information on the figure, we can obtain:

• A) an upward-sloping demand curve.

• B) two points on a downward-sloping individual demand curve.

• C) a downward-sloping market demand curve.

• D) a demand curve for food and clothing.

The connection of points A and B on the graph yields:

• a price-consumption curve.

• an income-consumption curve.

• an individual demand curve.

• an Engel curve.

From the information on the figure we can derive:

• a price-consumption curve.

• two points on an individual demand curve.

• a shifting demand curve.

• an upward-sloping demand curve.

The curves that connect points A and B on both graphs are:

• price-consumption curves.

• income-consumption curves.

• Engel curves.

• individual demand curves.

What does a demand curve represent in economics?

• The relationship between price and quantity demanded

• The relationship between supply and demand

• The relationship between income and expenditure

• The relationship between cost and profit

Which of the following is true about a downward-sloping demand curve?

• It indicates that as price increases, quantity demanded increases

• It indicates that as price decreases, quantity demanded increases

• It indicates that as price increases, quantity demanded remains constant

• It indicates that as price decreases, quantity demanded decreases

What causes a movement along the demand curve?

• A change in consumer preferences

• A change in the price of the good

• A change in consumer income

• A change in the price of substitute goods