Mic4: Change in demand vs. change in quantity demanded, demand determinants

Last updated over 6 years ago

5 Nsɛmmisa

Laabri

Mic4: Change in demand vs. change in quantity demanded, demand determinants

Last updated over 6 years ago

5 Nsɛmmisa

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following does NOT cause a change in demand?

Price

Price of related goods

Tastes

Income

Asemmisa {{asɛmmisaAhyɛnsode}}

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)

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

A shift in the demand curve from Do to D1 is an increase in demand.

Nokorɛ

Ɛnyɛ ampa

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following does NOT cause a change in demand?

Price

Price of related goods

Tastes

Income

Asemmisa {{asɛmmisaAhyɛnsode}}

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)

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

A shift in the demand curve from Do to D1 is an increase in demand.

Nokorɛ

Ɛnyɛ ampa