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WorksheetsDemand Quiz
Total questions: 37
Worksheet time: 25mins
Which of the following pairs is an example of substitutes?
Cereal and Milk
calculators and iPods
Gatorade and Powerade
water skiing and skateboarding
When the price of something increases, the quantity demanded ___?
decreases
reverses
increases
remains the same
Which of the following would cause the demand curve to
shift to the left?
the average annual income increases
government corporate taxes increase
consumers begin to like the product
price of a complementary good increases
What would not cause a change (shift) in the demand curve?
a decrease in the salary’s of the population
a change in popularity of the good
a change in price of the good
an increase in the price of a substitute good
How can expectations about a future price change consumer behavior?
If the price is expected to stay the same, immediate demand will decrease.
Immediate demand for a good is not related to future price expectations.
If a good is expected to be plentiful, demand will not be affected.
Immediate demand will increase, if a good’s price is expected to rise in the future.
If price of tea decreases, what is the affect on the demand for coffee?
the demand for tea is not affected
the demand for coffee decreases
the demand for tea decreases
the demand for coffee increases
Which of the following would cause the demand curve to
shift to the right?
a popular toys loses appeal
Suppliers expect higher prices in the future
price of a substitute good decreases
the average annual income increases
Which of the following would cause the demand curve to
shift to the left?
price of a substitution good decreases
huge population increase
new government regulations
consumers begin to like the product
Which of the following would cause the demand curve to
shift to the right?
a popular toys loses appeal
suppliers expect higher prices in the future
price of a substitute good decreases
huge population increase
An increase in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
An increase in quantity Demanded is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
An decrease in quantity Demanded is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
An decrease in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
An decrease in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
Demand means
the amount of a good or service that consumers are willing to buy.
is the amount of a good or service produced.
is the price that is demanded by consumers.
None of the above.
States that people buy a different quantity of a product if that product’s price changes, appearing as a movement along the demand curve.
Change in demand
Change in supply
Change in quantity demanded
Change in quantity supplied
Goods for which demand goes down as income goes up are better known as....
Inferior Goods
Normal Goods
Public Goods
Private Goods
This is a product that can be used in place of another product:
Product Good
Complementary Good
Related Good
Substitution
All of the following are examples of complements EXCEPT
butter and margarine
cameras and film
peanut butter and jelly
flashlights and batteries
Which of the following would cause a change in demand? Select all that apply.
Loss of income
Shift in population size
Price increase
Substitute goods enter the market
New technology
ALMONDS (nuts): There is a 24% increase of those in the population that have a nut allergy. What is the shifter of demand?
increase in demand; substitutes
no change in demand; people will just stop buying them
decrease in demand; tastes/preferences
increase in demand; population
DRY ERASE MARKERS: Sharpie sells packs of dry erase markers in neon colors for $2 less. What happens to the demand for Expo markers?
no change; price alone is not a determinant of demand
decrease in demand; substitutes
increase in demand; income
decrease in demand; numbers of buyers
#BERRYSTRONG T-SHIRTS: Eric Berry gets Comeback Player of the Year. What happens to the demand for his shirts?
no change in demand; he's just THAT good
increase in demand; tastes/preferences
decrease in demand; tastes/preferences
change in demand; complements
STUFFED ELEPHANTS: Consumer reports claim there is a dust in the toys that cause bad rashes.
no change in demand; get some cream
decrease in demand; tastes/preferences
increase in demand; related goods
change in demand; number of buyers
LUCKY CHARMS CEREAL: Fruity Pebbles increases their prices. What happens to the demand for Lucky Charms?
decrease in demand; compliments
increase in demand; substitutes
increase in demand; compliments
decrease in demand; substitutes
The price of tortilla chips increases from $4 a bag to $7. What happens to demand?
no change in demand; change in quantity demanded
change in demand; buyers
change in demand; compliments
change in demand; tastes/preferences
BEYONCE "FORMATION" WORLD TOUR TICKETS: Lady Gaga goes on tour at the same time.
no change in demand; #telephone
change in demand; tastes/preferences
change in demand; substitutes
change in demand; income
CANDY CORN: It is October.
change in demand; population
change in demand; income
change in demand; tastes/preferences
no change in demand; #nomnom
