Chocolate Chip Cookie Demand Shift Quiz

SITUATION #1: Analyze chocolate chip cookies. Many people start to develop an allergy to vanilla, an ingredient in chocolate chip cookies. Which graph represents the impact on demand?

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SITUATION #1: If it is an increase or decrease in demand, select the appropriate demand shifter. If it's a change in quantity demanded, select "not applicable."

• Tastes & preferences
• Price of complements
• Price of substitutes
• Consumer income
• Number of buyers

SITUATION #2: Analyze chocolate chip cookies. Chocolate chip cookies go on sale for 50% off their normal price. Which graph represents the impact on demand?

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SITUATION #2: If it is an increase or decrease in demand, select the appropriate demand shifter. If it's a change in quantity demanded, select "not applicable."

• Not applicable
• Price of complements
• Price of substitutes
• Consumer income
• Tastes & preferences

SITUATION #3: Analyze gluten-free chocolate chip cookies. A local bakery, "Sweet Bites," has been selling gluten-free chocolate chip cookies for years with moderate success. Recently, a new medical study highlights the benefits of a gluten-free diet, even for those without celiac disease. This study goes viral on social media, and suddenly, many more people in the community start adopting gluten-free lifestyles. Which graph represents the impact on demand?

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SITUATION #3: If it is an increase or decrease in demand, select the appropriate demand shifter. If it's a change in quantity demanded, select "not applicable."

• Number of buyers
• Price of complements
• Price of substitutes
• Consumer income
• Tastes & preferences

SITUATION #4: Analyze chocolate chip cookies after the sale ends. A popular bakery, "Tasty Treats," sells chocolate chip cookies. One week, the bakery decides to run a special discount and lowers the price to $1.50 per cookie. As a result, more customers come in and buy extra cookies. However, the following week, the special ends, and the price returns to $2 per cookie. Customers, now used to the lower price, buy fewer cookies than they did during the sale. Which graph represents the impact on demand?

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SITUATION #4: If it is an increase or decrease in demand, select the appropriate demand shifter. If it's a change in quantity demanded, select "not applicable."

• Not applicable
• Price of complements
• Price of substitutes
• Consumer income
• Tastes & preferences

SITUATION #5: Analyze chocolate chip cookies. A store increases the price of sugar cookies, a substitute good for chocolate chip cookies. Which graph represents the impact on demand?

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SITUATION #5: If it is an increase or decrease in demand, select the appropriate demand shifter. If it's a change in quantity demanded, select "not applicable."

• Price of substitutes
• Price of complements
• Consumer income
• Tastes & preferences
• Number of buyers