Demand for television increases despite the increase in price is due to a change in _______.
Microeconomics:Demand and Supply

Quiz
•
Social Studies
•
University
•
Medium

Maerrah Aludam
Used 56+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Supply
Demand
Quantity demanded
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A decrease in the number of sellers shifts the supply curve to the_______.
Right
Left
Downward
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If the cost of production of pork increases, supply curve will shift to the _______.
Right
Left
Upward
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An increase in the sales of DVD player will cause the demand for compact disc rentals to ______.
Increase
Decrease
Remain constant
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in income will shift the demand curve to the _____.
Right
Left
Downward
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Demand reflects the consumer's desire for a commodity.
True
False
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Price ceiling is a minimum limit beyond which the price of a commodity is not allowed to fall
True
False
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