Which of the following is most likely to increase the demand for bluray players?

A fall in the price of a complementary good

The Supply Curve is upward-sloping because:

As the price increases, suppliers can earn higher profits

Which of the following will increase demand (shift the curve to the right) for Xbox 1 consoles

A fall in the price of Xbox 1 games

The supply curve for biofuels will shift to the left if

there is a rise in the cost of raw materials.

If the cost of computer components falls, then

the supply curve for computers shifts to the right

studbud

Martin's supply and demand quiz

13 termsStudBud Administration197 plays

Supply and demand questions

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
Who is this?
Julia Roberts
Sandra Bullock
Michelle Pfeiffer
Davina Mccall
2
Which of the following provides an example of complementary goods?
French fries and Ketchup
Pepsi and Coca-Cola
Pork and Beef
Milk and orange juice
3
Who is this?
Prince
Jimmy Hill
Jimmy Choo
Jimi Hendrix
4
Which of the following is most likely to increase the demand for bluray players?
A fall in the price of a complementary good
A fall in the population size
A fall in incomes
A fall in the price of a substitute good
5
Who is this?
Justin Bieber
Boris Johnson
Ed Milliband
Boris Johnsum
6
Cristiano Ronaldo earns million whilst a lecturer earns slighly less is because
Consumer are willing to pay high ticket prices
Answer A B and C
Demand for Ronaldo's talents is high
The supply of superstar footballers are low
7
The Supply Curve is upward-sloping because:
As the price increases, so does demand
As the price increases, so do costs.
As the price increases, consumers demand less.
As the price increases, suppliers can earn higher profits
8
Which of the following will increase demand (shift the curve to the right) for Xbox 1 consoles
An increase in the price of Xbox 1 games
A fall in the price of Xbox 1 games
An fall the price of PS4 games
A fall in the price of PS4 consoles
9
If there are high barriers to entry in an industry such as banking it's likely that there'll be
low costs.
low prices.
low competition.
low profitability.
10
The supply curve for biofuels will shift to the left if
there is an improvement in technology.
there is a rise in the cost of raw materials.
there is a fall in the price of a substitute product.
there is an increase in productivity.
11
If an increase in a income causes a to decrease the quantity demanded of beans, beans are
an inferior good.
a normal good.
a substitute good.
a complementary good.
12
If the cost of computer components falls, then
the supply curve for computers shifts to the right
the demand curve for computers shifts to the right.
the demand curve for computers shifts to the left.
the supply curve for computers shifts to the left
13
Who is this?
George Clooney
George Osborne
Philip Hammond
Richard Hammond

Martin's supply and demand quiz Flashcards | StudBud