Change in supply/demand v. Change in quantity supplied/demanded

This image represents:

• An increase in quantity demanded

• A demand schedule

• The law of demand

• The law of supply

This image best represents:

• An increase in demand

• A decrease in demand

• A decrease in quantity demanded

• An increase in quantity demanded

According to the law of demand, the relationship between "price" and "quantity demanded" is:

• Inverse

• Direct

• Not correlated

This graph represents a(n):

• Increase in demand

• Decrease in demand

• Increase in quantity demanded

• Decrease in quantity demanded

A determinant of the change seen here could be:

• An increase in income

• A decrease in the price of a substitute good

• An increase in population

• A new viral ad campaign for the good

An observer of this graph would say that it represents a(n):

• Increase in demand

• Decrease in demand

• Increase in quantity demanded

• Decrease in quantity

A cause for the change seen in this curve would be:

• An increase in the price of the good

• An increasing population

• An increase in the price of a complementary good

• A decrease in quantity demanded

The movement seen in this curve would best be described as:

• An increase in price led to a decrease in demand

• An increase in price led to a decrease in quantity demanded

• A decrease in price led to an increase in demand

• A decrease in price led to an increase in quantity demanded

This image represents:

• The law of demand

• The law of supply

• A supply schedule

• An increase in quantity demanded

This graph represents a(n):

• Increase in quantity supplied

• Increase in supply

• Decrease in quantity supplied

• Increase in quantity demanded