Basic Grade 11 going into DP econ (macro and micro)

What causes a movement along the demand curve?

• Change in price
• Change in income
• Change in population
• Change in tastes

What causes a shift in the demand curve?

• Change in price
• Change in supply
• Change in income
• Change in quantity

What causes a shift in the supply curve?

• Change in consumer income
• Change in price
• Change in technology
• Change in demand

If supply increases and demand stays the same, what happens to the equilibrium price?

• It rises
• It falls
• It stays the same
• It disappears

If demand increases and supply stays the same, what happens to equilibrium quantity?

• It falls
• It rises
• It stays the same
• It disappears

If the price of a good falls, what happens to the quantity demanded?

• It falls
• It rises
• It stays the same
• It disappears

Which of the following would increase demand?

• Fall in income
• New technology
• Lower price of a substitute
• Advertising

Which of these would cause the supply curve to shift right?

• Increased taxes
• Better technology
• Higher wages
• Lower demand

If both demand and supply increase, what happens to equilibrium quantity?

• Increases
• Decreases
• Stays the same
• Falls to zero

An increase in population is likely to cause...

• Decrease in demand
• Increase in supply
• Increase in demand
• No effect