4.2 - Factors Affecting Demand

Front

Movement along the demand curve showing that a different quantity is purchased in response to a change in price is a change in ___________ demanded.

Back

quantity

Front

That portion of a change in quantity demanded caused by a change in a consumer's income when the price of a product changes is the __________ __________.

Back

income effect

Front

When different amounts are demanded at every price, causing the demand curve to shift to the left or the right you have a ___________ ____ ____________ .

Back

change in demand

Front

_____________ are products related in such a way that an increase in the price of one increases the demand for the other.

Back

substitutes

Front

_____________ are products that are related in such a way that an increase in the price of one reduces the demand for the other.

Back

complements

Front

A change in quantity demanded is represented by

Back

movement along the demand curve

Front

What is the main cause of a change in quantity demanded?

Back

change in price

Front

What is the relationship between income and demand?

Back

An increase in income increases demand.

Front

Which of the following replaces a costly item with a less costly one? Options: the substitution effect, the income effect, change in demand, consumer tastes

Back

the substitution effect

Front

Which is a likely complement to a tablet computer? DVDs, movie tickets, apps, pencils

Back

apps