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Year 10 Business Studies Demand and Supply Flashcards | StudBud

Explore/Year 10 Business Studies Demand and Supply

Which of the below is a demand factor?

What is the correct definition of supply?

Year 10 Business Studies Demand and Supply

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Questions 8

Answers

1
What is the correct definition of supply?
The amount of products demanded
The impact of increasing prices
The amount of goods that producers are willing to supply / s
Supply of banana's going up
2
Which of the below is a demand factor?
Fashion
Weather
Costs of Production
Productivity
3
What is the correct definition of demand?
The amount a producer can supply
The impact of inflation and interest rates
The amount that is consumer is willing and able to buy
Demand and Supply
4
If the Demand for Mrs Oates' cupcakes fell what would happen to D1?
Shift to the left
Shift downwards
Shift upwards
Shift to the right
5
The supply curve slopes upwards because
Higher prices lead to higher demand
More is demanded at a higher price
More supply at higher prices due to bigger profits
Demand falls as price goes up
6
Mrs Oates has bought a new, bigger oven - what is the impact on her production of cupcakes?
Decrease in supply
Increase in Demand
Decrease in Demand
Increase in supply
7
David Beckham launched an advertising campaign for his new fragrance
Supply would fall
Demand would increase
Demand would fall
Supply would increase
8
If the demand for Mrs Oates' cupcakes has gone up to 150 - what price can she charge?
0.50p
0.30p
0.40p
0.20p