Change in Demand

If the demand for a good increases when people's incomes increase,

• the good is an inferior good

• the law of demand is violated

• the good's demand curve shifts to the left

• the good is a normal good

Consider the market for cellular phones. Which of the following shifts the demand curve to the left?

• studies showing using cellular phones can cause brain cancer

• a decrease in the price of cellular phones

• a decrease in the quantity demanded of cellular phones

• an increase in the services provided by cellular phones, such as text messaging

The price of coffee increases and people switch to drinking tea. The determinant of demand is

• Income

• Price of Related Goods (Complements)

• Consumer Preferences/Tastes

• Price of Related Goods (Substitutes)

Identify which determinant of demand (Shifter) is involved: Kohl's Black Friday sales are approaching.

• Population

• Complementary goods

• Consumer expectations

• Consumer tastes or preferences

When the price of hot dogs decreases and the demand for hot dog buns increases, this explains the demand of

• Complementary goods

• Capital Goods

• Substitute Goods

• Consumer Goods

Goods for which demand goes down as income goes up are better known as

• Inferior Goods

• Normal Goods

• Public Goods

• Private Goods

A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in

• Population

• Price of Substitute Good

• Price of Complementary Good

• Consumer Preferences/Tastes

What is the definition of 'change in demand' in economics?

• A shift in the demand curve due to factors other than price

• A movement along the demand curve due to a change in price

• An increase in the quantity supplied

• A decrease in the quantity supplied

Which of the following factors can cause a change in demand?

• Change in consumer income

• Change in the price of the good

• Change in the quantity supplied

• Change in government regulations

How does a change in consumer preferences affect demand?

• It causes a shift in the demand curve

• It causes a movement along the demand curve

• It does not affect demand

• It only affects supply