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Mic4: Change in demand vs. change in quantity demanded, demand determinants
By Jeffrey See
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Last updated about 6 years ago
5 questions
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Question 1
1.
Which of the following from the graph above represents an increase in the
quantity demanded
?
A shift from D2 to D1
A shift from D1 to D2
A movement from point A to point B
A movement from point B to point A
Question 2
2.
Which of the following does
NOT
cause a change in demand?
Price
Price of related goods
Tastes
Income
Question 3
3.
Which of the following could cause the demand curve for
hot dogs
to shift from Do to D2 in the graph above?
Fewer buyers
An increase in the price of a complement (hot dog buns)
A news report that says eating too many hot dogs is bad for your health
An increase in the price of a substitute (hamburgers)
Question 4
4.
Which of the following could cause the demand curve for
steak
to shift from Do to D1 in the graph above?
More buyers
The expectation that steak prices will fall next week
A decrease in the price of steak sauce (a complement)
An increase in income
Question 5
5.
A shift in the demand curve from Do to D1 is an increase in demand.
True
False
