WorksheetsEconomics Ch. 4 Demand
Total questions: 21
Worksheet time: 11mins
who was the smart phone in 2005 created by?
Nokia and other manufacturers like BlackBerry
The calculation of demand is determined by what two variables?
Price and availability
A demand schedule is affected by...
Price and consumer income
Within in a demand curve, price will affect...
The first car company to understand the Law of Demand was...
According to the market demand curve model the price that sells the best is...
5
4
3
Marginal utility is determined by a products....
additional satisfaction or benefit
In 1996, the holiday demand toy was...
Change in the quantity demanded is affected by....
Price of the good
The income effect is most accurately affected by the price of this product.
real estate
tuition
gas
In California, substitution effect has affected this industry in recent years.
Fastfood industry
The most significant factor to affect change in demand is...
consumer income
Substitutes will affect change in demand by providing...
On which continent are consumers most likely to use coupons?
What is an example of a consumer product that is a compliment to a computer?
How does the number of consumers affect demand?
An elastic demand is one that...
Unit Elastic Demand causes what type of change?
a proportional change
What type of business tends to be inelastic?
utilities and healthcare.
If a purchase of a product can be delayed, how does this affect its elasticity?
One reason why you shouldn't raise prices during a natural disaster is...
