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WorksheetsDemand
Total questions: 11
Worksheet time: 7mins
Name
Class
Date
1.
The diagram represents a
a)
increase in demand
b)
decrease in demand
2.
Consider the market for cars in Hong Kong. If the price of gasoline increases then the Demand for cars will
a)
increase
b)
decrease
3.
An decrease in demand for iPhones in HK could be caused by a(n)
a)
increase in price for Samsung Galaxy
b)
increase in population in HK
c)
the price for iPhones is expected to increase next week
d)
the price of iPhone apps increased
4.
A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in
a)
market size
b)
price of a substitute good
c)
price of a complementary good
d)
tastes and preferences
5.
If the price of Frozen Yogurt increased then the demand for ice cream will
a)
increase
b)
decrease
6.
The Hong Kong government reduced income tax by 10%. The demand for shoes will
a)
increase
b)
decrease
7.
A recent scandal in which 1 million fake Chanel hand bags have been discovered. There is in an increase in Louis Vuitton hand bags because
a)
price of a complement
b)
price of a substitute
c)
tastes and preferences
d)
income
8.
The law of demand states that as the price increases then
a)
quantity demanded increases
b)
quantity demanded decreases
c)
demand increases
d)
demand decreases
9.
The price of petrol/gas is expected to increase next week. Then today the demand for petrol/gas will
a)
increase
b)
decrease
10.
Donald Trump has been elected and the demand for US tourist visas has decreased because of
a)
market size
b)
expectations of future prices
c)
income
d)
tastes and preferences
11.
What factor could have caused the demand to decrease?
a)
incomes increased
b)
expectation that prices will increase
c)
a decrease in the price of a substitute
d)
increase in market size
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