Demand Curve Concepts and Analysis

The video tutorial explains how demand changes due to factors other than price, such as substitute and complementary goods. It covers the concepts of increase and decrease in demand, illustrated by shifts in the demand curve. The tutorial emphasizes that demand can rise or fall even when prices remain constant, and it uses examples to show rightward and leftward shifts in the demand curve. The video concludes with a call to action for viewers to engage with the content.

What is the term used when demand changes due to factors other than price?

• Supply shift

• Market equilibrium

• Price elasticity

• Change in quantity demanded

When the price remains constant, what happens to demand if other factors change?

• Demand increases

• Price changes

• Demand decreases

• Demand remains unchanged

In a demand curve, what does a rightward shift indicate?

• Decrease in demand

• Increase in demand

• No change in demand

• Decrease in price

What is shown on the x-axis of a demand curve graph?

• Time

• Price

• Quantity demanded

• Supply

What happens to demand when the price of substitute goods rises?

• Demand decreases

• Price decreases

• Demand remains the same

• Demand increases

How does a fall in the price of complementary goods affect demand?

• Demand remains unchanged

• Demand decreases

• Demand increases

• Price increases

What does a leftward shift in the demand curve signify?

• Increase in demand

• Decrease in demand

• No change in demand

• Increase in price

If the price is constant and demand falls, what could be a possible reason?

• Change in other factors

• Increase in supply

• Decrease in price

• Increase in price

What is the original demand curve labeled as in the graph?

• SS

• D1

• DD

• S1

What does the demand curve show when the price is two units?

• Demand decreases

• Quantity demanded is two units

• Quantity demanded is four units

• Price is constant