Macro 1.4-Demand Open Practice

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Gasoline prices increase by 50 percent and other things remain the same. As a result, there is

1

Car insurance and cars are complements. If the price of car insurance increases, the

1

The number of buyers of sport utility vehicles, SUV, decreases sharply, so

1

The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises,

1

A demand curve

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In the figure, the movement from point a to point b reflects

1

Your college requires that starting this year, every business student must bring a laptop to school. This requirement

1

If macaroni and cheese is an inferior good, then a decrease in income results in

1

If the demand for digital cameras increases when consumers' incomes rise, then digital cameras are

1

The quantity demanded of a good or service is

1

Tammy buys four Barbie dolls a year if the price of a doll is $12 per doll. The actual price of a Barbie doll is $13 per doll. The four dolls Tammy buys if the price is $12 are her

1

A demand schedule shows

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The phrase "a change in demand" most directly implies a

1

Macro 1.4-Demand Open Practice

Gasoline prices increase by 50 percent and other things remain the same. As a result, there is

Car insurance and cars are complements. If the price of car insurance increases, the

The number of buyers of sport utility vehicles, SUV, decreases sharply, so

The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises,

A demand curve

In the figure, the movement from point a to point b reflects

Your college requires that starting this year, every business student must bring a laptop to school. This requirement

If macaroni and cheese is an inferior good, then a decrease in income results in

If the demand for digital cameras increases when consumers' incomes rise, then digital cameras are

The quantity demanded of a good or service is

Tammy buys four Barbie dolls a year if the price of a doll is $12 per doll. The actual price of a Barbie doll is $13 per doll. The four dolls Tammy buys if the price is $12 are her

A demand schedule shows

The phrase "a change in demand" most directly implies a

Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the

Gasoline prices increase by 50 percent and other things remain the same. As a result, there is

Car insurance and cars are complements. If the price of car insurance increases, the

The number of buyers of sport utility vehicles, SUV, decreases sharply, so

The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises,

A demand curve

In the figure, the movement from point a to point b reflects

Your college requires that starting this year, every business student must bring a laptop to school. This requirement

If macaroni and cheese is an inferior good, then a decrease in income results in

If the demand for digital cameras increases when consumers' incomes rise, then digital cameras are

The quantity demanded of a good or service is

Tammy buys four Barbie dolls a year if the price of a doll is $12 per doll. The actual price of a Barbie doll is $13 per doll. The four dolls Tammy buys if the price is $12 are her

A demand schedule shows

The phrase "a change in demand" most directly implies a

Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the