What is the primary factor that defines effective demand?

Demand Factors and Concepts

Interactive Video
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Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer's trust in the market
Consumer's desire to purchase
Consumer's need for a product
Consumer's ability to pay
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the law of demand, what happens when the price of a good increases?
Demand remains constant
Demand decreases
Demand fluctuates randomly
Demand increases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of demand is influenced by the price of related commodities?
Income demand
Direct demand
Price demand
Cross demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is direct demand?
Demand for a product based on its price
Demand for a final product or good
Demand for a product based on consumer income
Demand for a product based on related commodities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is derived demand?
Demand for a product that comes from the usage of others
Demand for a product based on consumer preferences
Demand for a product based on its own price
Demand for a product based on market size
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor influences demand when consumers expect future price increases?
Expectations
Market size
Income
Consumer preferences
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an increase in consumer income generally affect demand?
Has no effect on demand
Increases demand
Decreases demand
Fluctuates demand randomly
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