U3L1b HW Econ on Quizizz

What is one of the shifters of demand related to consumer desires?

• Tastes and Preferences

• Income

• Price of Related Goods

• Number of Buyers

Which shifter of demand involves the total number of buyers in the market?

• Number of Consumers

• Price of Related Goods

• Consumer Income

• Consumer Preferences

Which determinant of demand is associated with consumer earnings?

• Income

• Price

• Substitutes

• Preferences

What expectation can cause a shift in demand in the coming months?

• Future (Price) Expectations

• Past (Price) Expectations

• Current (Price) Expectations

• No (Price) Expectations

What happens to the demand for normal goods as income increases?

• Demand increases

• Demand decreases

• Demand stays the same

Fill in the blank: As income falls, demand for inferior goods _______.

• falls

• rises

• remains constant

• becomes zero

What caused "insane" lines in malls?

• A major sale event

• A celebrity appearance

• A new product launch

• A holiday season

Based on the slides, was this good or bad for Build-A-Bear?

• Good

• Bad

Which of the following will cause the demand for milk to decrease?

• Increase in the price of a substitute

• A decrease in income assuming that milk is a normal good

• A decrease in the price of milk

• An increase in the price of milk

• A decrease in the price of a complementary

Which of the following will cause the quantity demanded of milk to decrease?

• Increase in the price of a substitute

• A decrease in income assuming that milk is a normal good

• A decrease in the price of milk

• An increase in the price of milk

• A decrease in the price of a complementary good