Demand

Front

The law of demand means that as price goes up, quantity demanded goes up as well.

Back

False

Front

If demand increases, which way does the demand curve shift?

Back

Right

Front

Oreos are now suddenly expensive. Instead of oreos, I want to buy Chips Ahoy cookies. What demand determinant is this?

Back

Substituted Goods

Front

The government is giving everyone an extra $1000. In the market for laptops, what determinant of demand is this?

Back

Income

Front

What determinant is indicated by the statement: "If I know the iPhone 15 is going on sale later, I will wait to buy the iPhone 15"? Options: Expectation of Consumers, Taste and Preferences, Complimentary Goods, Income

Back

Expectation of Consumers

Front

When the Big Mac is on sale, demand for McDonald's fries also goes up. What determinant is this?

Back

Complementary Goods

Front

A new study shows that chocolate bars are super healthy! The demand for chocolate has increased due to a change in...

Back

Taste and Preferences

Front

The price of Coke has increased significantly. In response, the demand for Pepsi has increased. What determinant is this?

Back

Substitute Goods

Front

With an increase of immigration into the U.S, demand for milk has increased. What determinant is this?

Back

Market Size

Front

If the price of iPhones goes up, what happens to the demand for iPhone cases?

Back

Decrease