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Cravings Mo, Piliin Mo!

Total questions: 13

Worksheet time: 13mins

Name
Class
Date
1.

Demand is the quantity of a good or service that consumers are (a)   and able to buy at different prices.

2.

KUNG NAKIKINIG KA TALAGA! WHAT “C” DID WE COMPARE “DEMAND” TO?

a)

Command

b)

Company

c)

Cravings

d)

Compare

3.

WHAT IS THE CONCEPT THAT IS SUMMARIZED BY:

Mahal? Pass muna. Mas mura, mas bet.”

a)

Law of Demand

b)

Shift of Demand Curve

c)

Movement Along the Demand Curve

d)

Income

4.

About the Demand Curve, what is being described:

Whole curve moves left or right

Caused by NON-PRICE factors (tastes, income, related goods, population, expectations)

Note: Only one word

(a)  

5.

About the Demand Curve, what is being described:

Up or down the same curve (one point)

Caused by PRICE changes only

Note: Only one word

(a)  

6.

Nag-trending ang matcha drinks sa social media. Kahit hindi nagbago ang presyo, mas maraming bumili.

Ano ang pangunahing dahilan ng pagtaas ng demand?

a)

Income

b)

Buyers

c)

Taste/Preferences

d)

Expectations for Future Prices

7.

Isa kang student na nadoble ang allowance mo ngayong linggo. Mas marami kang nabili na school supplies.

Ano ang dahilan ng pagbabago ng demand?

a)

Income

b)

Taste/Preferences

c)

Related Goods

d)

Substitutes

8.

Tumaas ang presyo ng sugar, kaya bumaba ang demand sa coffee.

Ano ang relasyon ng sugar at coffee?

a)

No relationship

b)

Substitutes

c)

Luxury Goods

d)

Complementary

9.

Dumami ang fans na bumibili ng concert tickets dahil sa paparating na BTS concert.

Anong factor ng demand ang nagbago?

a)

Taste/Preferences

b)

Income

c)

Buyers/Population

d)

Price

10.

Kapag inaasahan ng mga tao na tataas pa ang presyo ng isang product, mas bumibili sila ngayon.

Anong factor ito?

a)

Buyers

b)

Income

c)

Expectation for future prices

d)

Price

11.

Nagkaroon ng celebrity endorsement ang isang brand kaya mas maraming gustong bumili kahit same price.

Ano ang mangyayari sa demand curve?

a)

Movement: Upward

b)

Shift to the Right

c)

Movement: Downward

d)

Shift to the Left

12.

Which of the following cause a SHIFT in the demand curve based on the TRIBE acronym?

(Select all that apply, for 5 pts)

a)

A viral trend made matcha drinks suddenly “aesthetic”

b)

A ₱20 increase in the price of coffee

c)

Consumers expect gadget prices to increase next month

d)

Increase in the number of college students in the city

e)

A price discount promo for one week only

13.

Differentiate Shift of Demand Curve and Movement Along the Demand Curve (10 pts)

4 lines