Demand

Front

Which of the following pairs is an example of substitutes? Cereal and Milk, calculators and iPods, Gatorade and Powerade, water skiing and skateboarding

Back

Gatorade and Powerade

Front

Which of the following are non-examples of complements?
Options: football jersey and shoulder pads, iPod and iPad, bicycle and helmet, computer and charging cord

Back

iPod and iPad

Front

When the price of something increases, the quantity demanded ___?

Back

decreases

Front

Which of the following would cause the demand curve to shift to the left?
- the average annual income increases
- government corporate taxes increase
- consumers begin to like the product
- price of a complementary good increases

Back

price of a complementary good increases

Front

What would not cause a change (shift) in the demand curve? Options: a decrease in the salary’s of the population, a change in popularity of the good, a change in price of the good, an increase in the price of a substitute good

Back

a change in price of the good

Front

How can expectations about a future price change consumer behavior?

Back

Immediate demand will increase, if a good’s price is expected to rise in the future.

Front

If price of tea decreases, what is the affect on the demand for coffee?

Back

the demand for coffee decreases

Front

Which of the following would cause the demand curve to shift to the right?
a popular toys loses appeal,
Suppliers expect higher prices in the future,
price of a substitute good decreases,
the average annual income increases

Back

the average annual income increases

Front

Which of the following would cause the demand curve to shift to the left?
price of a substitution good decreases,
huge population increase,
new government regulations,
consumers begin to like the product

Back

price of a substitution good decreases

Front

Which of the following would cause the demand curve to shift to the left? price of a complementary good decreases, huge population increase, new government regulations, consumers begin to dislike the product

Back

consumers begin to dislike the product