Determinant of Demand

Determinant of Demand

12th Grade

25 Qs

quiz-placeholder

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Determinant of Demand

Determinant of Demand

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

John Robinson

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determinate for Headline #3: Price of Foreign Autos Drop

Income

Complements

Substitutes

Expectations

Tastes and Preferences

Answer explanation

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determinate for Headline #5: Price of US Autos Rises

Tastes and Preferences

Substitutes

Number of Buyers

Expectations

Price (No change in Demand, just quantity demanded)

Answer explanation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determinate for Headline #6: Price of US Autos Expected to Rise Soon

Expectations

Tastes and Preferences

Income

Substitutes

Price (no change in demand--just quantity demanded)

Answer explanation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determinate for Headline #8: US Auto Firms Launch Effective Ad Campaigns

Tastes and Preferences

Expectations

Income

Number of Buyers

Substitutes

Answer explanation

5.

DRAG AND DROP QUESTION

1 min • 4 pts

Media Image

If the Quantity Demanded for lipstick is HIGH at $4.66 but then the Prices go up to $8.99, what will happen to the Quantity Demanded for lipstick? (a)  

It will increase

It will stay the same

It will not change

It will decrease

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determinant for Headline #1: Increase in Consumer Income

A) Income

B) Substitutes

C) Complements

D) Expectations

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determinant for Headline #2: Price of Complementary Goods Increases

A) Income

B) Substitutes

C) Complements

D) Tastes and Preferences

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