Practicing shifts in demand

Front

Remember complements and substitutes. The price of cream cheese decreases, what does this mean for the demand for bagels?

Back

The demand for bagels increases

Front

People buy more long-stem roses the week of Valentine’s Day. What determinant is being changed?

Back

Taste / Preference

Front

A sharp rise in the price of gasoline leads many consumers to travel less by car. What happened to demand for GASOLINE-POWERED CARS?

Back

Shift - Decrease

Front

The price of milk has risen from $2 per gallon to $20 per gallon. What will happen to the demand for CEREAL?

Back

Shift - Decrease

Front

What determinant is being changed for CEREAL when the price of milk rises from $2 per gallon to $20 per gallon?

Back

Price of a Complementary Good

Front

A factory in a small Minnesota town goes out of business. The former workers now have no source of income. What happens to demand (in all goods & services) in the town?

Back

Shift - Decrease

Front

A factory in a small Minnesota town goes out of business. The former workers now have no source of income. What determinant is changing demand for all goods and services?

Back

Change in Income