Kahalagahan ng Demand at Suplay

What is the meaning of demand?

• Refers to the quantity of a product that consumers want and can buy at various prices.

• Refers to the quantity of a product that producers can create.

• Refers to the quantity of services that the government is willing to provide.

• Refers to the quantity of a product that remains unsold in the market.

Which of the following is the primary factor affecting demand?

• Price

• Labor force

• Technology

• Competition

How does a person's income affect demand?

• Higher income leads to higher demand.

• Lower income leads to higher demand.

• Income has no effect on demand.

• Demand remains the same regardless of income.

Which of the following situations shows the effect of the price of a related product on demand?

• Demand for coffee decreased because the price of milk increased.

• More consumers bought candy because its price decreased.

• Demand for chocolate increased because the price of bread decreased.

• None of the above.

If the price of rice increases, what is the expected effect on the demand for corn as an alternative product?

• Demand for corn will increase.

• Demand for corn will decrease.

• Demand for corn will remain the same.

• There will be a shortage of corn.

As a businessman, how can you use the concept of demand to increase your sales?

• Increase the price of the product.

• Offer promotions or discounts.

• Increase the tax on the product.

• Reduce the quality of the product.

What will be the effect if the population in an area decreases on the demand for basic goods?

• Demand will decrease.

• Demand will increase.

• Demand will remain the same.

• There will be a surplus of goods.

How are consumer needs and demand for a product related?

• Higher needs lead to higher demand.

• Lower needs lead to higher demand.

• There is no relationship between needs and demand.

• Both needs and demand decrease.

Based on your observation, how can you tell if the demand for a product is increasing?

• Prices are rising but many are still buying.

• Prices dropped and the number of buyers also decreased.

• More sellers but few buyers.

• None of the above.

Provide a plan on how a businessman can respond to high demand for a seasonal product.

• Increase inventory and launch promotions.

• Raise prices without increasing production.

• Continue with the current strategy despite demand.

• Reduce the quantity of the product in the market.