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Demand Handout

Last updated almost 8 years ago

18 questions

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Identify the following determinants of demand and draw the shift in demand

Question 1

1.

What would happen to the demand of Under Armour shoes if it is worn by Saquan Barkley who is a potential 1st overall pick in the National Football League draft?

Increase

Decrease

Question 2

2.

What is the Determinant to #1?

Question 3

3.

Label the increase or decrease in demand on the demand curve.

Question 4

4.

If Sony decides to cut the price of PlayStation, what happens to the demand of the video games?

Increase

Decrease

Question 5

5.

What is the determinant to #4?

Question 6

6.

Label the increase or decrease in demand on the demand curve.

Question 7

7.

Monster Corporation comes out with a new energy drink that does not have negative side effects. What happens to the demand Red Bull?

Increase

Decrease

Question 8

8.

What is the determinant to #7?

Question 9

9.

Label the increase or decrease in demand on the demand curve.

Question 10

10.

Student allowances and the minimum wage for work decreases. What happens to the demand for consumer goods?

Increase

Decrease

Question 11

11.

What is the determinant to #10?

Question 12

12.

Label the increase or decrease in demand on the demand curve.

Question 13

13.

A new immigration bill allowing five thousand new immigrants to immigrate to New York City. What happens to the demand for housing in the city?

Increase

Decrease

Question 14

14.

What is the determinant to #13?

Question 15

15.

Label the increase or decrease in demand on the demand curve.

Question 16

16.

What would happen to the demand of pizza if pepperoni cost more to produce?

Increase

Decrease

Question 17

17.

What is the Determinant to #16?

Question 18

18.

Label the increase or decrease in demand on the demand curve.