Which of the following factors cause a movement along the demand curve

Change in the price of the good

What would happen in the market for canned pinto beans if your income increases?

Demand increases if pinto beans are a normal good.

Given that chicken and beef are subsitute goods, if the price of chicken decreases substantially there would be

A decrease in the demand for beef

Which of the following will cause the market supply curve to shift

Change in the numbers of sellers in the market

The law of demand states that, other things equal:

as the price increases, the Quantity demand will decrease.

The supply of a product normally decreases if

Government Subsidies are removed

For most products and services, an increase in price results in

a decrease in quantity demanded

The demand curve for DVDs has shifted to the right. What could have caused it?

an increase in the incomes of buyers

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Supply and Demand

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Questions 10

Answers

1
increase in the price of milk causes a decrease in the demand for cereal. The two products are
unrelated
Complements
substitutes
demand elastic
2
Which of the following factors cause a movement along the demand curve
Change in the population
Change in the prices of related goods
Change in the price of the good
Change in the popularity of the good
3
What would happen in the market for canned pinto beans if your income increases?
Demand increases if pinto beans are a normal good.
Supply increases if pinto beans are an inferior good.
Supply increases if pinto beans are a normal good.
Demand increases if pinto beans are an inferior good.
4
Given that chicken and beef are subsitute goods, if the price of chicken decreases substantially there would be
An increase in the quantity demanded of beef
An increase in the demand for beef
A decrease in the demand for beef
An increase in the supply of chicekn
5
The ________ apples will decrease due to higher apple prices.
supply for
quantity demanded for
demand for
tastes and preferences for
6
Which of the following will cause the market supply curve to shift
Change in demand for product
Change in the numbers of consumers
Change in the numbers of sellers in the market
Change in the price of the product
7
The law of demand states that, other things equal:
As the price decreases the curve will shift to the left
as the price decreases, the demand curve will shift to the right
as the price increases, the quantity demanded will increase.
as the price increases, the Quantity demand will decrease.
8
The supply of a product normally decreases if
Government Subsidies are removed
the cost of inputs goes down
more producers enter the market
the price pf the product increases
9
For most products and services, an increase in price results in
increased demand for complements
reduced demand for substitutes
an increase in quantity demanded
a decrease in quantity demanded
10
The demand curve for DVDs has shifted to the right. What could have caused it?
an increase in the price of DVD players.
an increase in the price of DVDs
an increase in the incomes of buyers
a decrease in the price of DVDs

Supply and Demand Flashcards | StudBud