WorksheetsDemand
Total questions: 10
Answer KeyDemand
Total questions: 10
demand
if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up
change in quantity demanded
change in demand
how consumers of goods and services react to price changes
a sharp increase in the price of milk causes a large drop in the quantity demanded for milk
, c)car dealerships cut prices to clear out previous year models and consumers rush to dealerships to take advantage of the sales
a cold snap destroys an apple crop causing prices to jump, however, people still buy apples and quantity demanded does not change
, b)Super Bowl tickets hit record high prices but are still sold out in a matter of minutes and starting going for even higher prices on resale sites
