Change in Demand

What effect does an increase in Homeowners' Association fees have on the demand for homes?

• Demand increases

• Demand decreases

• Demand remains unchanged

• Demand becomes unpredictable

Which of the following will cause an increase in demand for snowboards?

• More costly production methods 

• A decrease in the price of lift tickets at resorts in Colorado 

• A decrease in consumer income   

• A decrease in the population 

Americans revive their love of SUV’s and the newly remodeled, but still “gas guzzling” Hummer. What happens to the market for gasoline?

• Demand for gasoline will decrease

• Demand for gasoline will increase

• Demand for gasoline will stay the same

• Demand for insurance agents will decrease

Due to a disappointing economy, Americans are cutting back on the family vacation road trips. What happens to the market for gasoline?

• Demand for gasoline will decrease

• Demand for gasoline will increase

• Demand for gasoline will stay the same

• The demand for airline tickets will increase

If the price of printers goes down, what happens in the market for ink cartridges?

• Supply increases.

• Supply decreases.

• Demand increases.

• Demand decreases

The price of airline tickets goes up. The demand for train tickets will change. Which determinant causes this change?

• Income Changes

• Tastes & Preferences

• Substitute Good Price Change

• Change in Price

The graph represents which concept of demand

• Change in Price

• Decrease in Demand

• Change in Quantity Demand (Slide)

• Change in Demand (Shift)

What happens to the demand for electric cars if the government provides a subsidy for electric car manufacturers?

• Demand increases

• Demand decreases

• Demand remains unchanged

• Demand becomes unpredictable

If a popular smartphone brand releases a new model, what is likely to happen to the demand for the older model?

• Demand increases

• Demand decreases

• Demand remains unchanged

• Demand becomes unpredictable

How does a decrease in the price of coffee affect the demand for tea, assuming they are substitute goods?

• Demand for tea increases

• Demand for tea decreases

• Demand for tea remains unchanged

• Demand for tea becomes unpredictable