WorksheetsDemand
Total questions: 22
Worksheet time: 11mins
When the price of printer goes down, what probably happens to the demand for toner?
The demand for toner increases
The demand for toner decrease
The change in the price of printer has no effect on the demand for toner
If everyone thinks that the price of chicken will go up next week, what is likely to happen to demand for chicken today?
The demand for chicken increases
The demand for chicken decrease
Expectations about the price of chicken has no effect on the demand for tomatoes today
In increase in quantity demanded is graphically represented by
Movement along a fixed demand curve
A shift of the entire demand curve
An increase in demand is graphically represented by
Movement along a fixed demand curve
A shift in the entire demand curve
The desire to have some good or service and the ability to pay for it
supply
equilibrium
demand
quantity demanded
Which of these best describes the law of demand?
if prices go up, quantity demanded will fall and if prices go down, quantity demanded will go up
if prices go up, quantity demanded will also go up and if prices go down, quantity demanded will also go down
there is no law of demand, each situation is unique and demand and prices cannot be predicted
prices will go up for certain goods when quantity demanded goes up and vice versa
All of the following are determinants of demand except...
consumer income
number of suppliers
consumer tastes
outlook of the future by the consumer
If the demand for a good increases when people's incomes increase,
the good is an inferior good
the law of demand is violated
the good's demand curve shifts to the left
the good is a normal good
The price of coffee increases and people switch to drinking tea. The determinant of demand is
Income
Price of Related Goods (Complements)
Consumer Preferences/Tastes
Price of Related Goods (Substitutes)
What is the only factor that causes a change in quantity demanded (Slide) along a demand curve?
population
income
price
tastes and preferences
