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Introduction to demand and supply Flashcards | StudBud
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Introduction to demand and supply
Introduction to demand and supply
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Answers
1
How many apples will be sold if the selling price of it is $4?
20
10
30
40
2
Which of the following will increase the demand of iPhone 6?
Research suggests the use of Samsung smartphones is harmful
The price of Samsung smartphones decreases
there are more shops selling iPhone 6
The use of iPhone 6 is considered to be less trendy
3
The table shows the demand and supply of apples. What is the equilibrium price of apple?
$4
$2
$6
$8
4
Which of the following is least likely a
"demand"
of Yamaha?
A new bag
A trip to Japan
A new flat in the Peak
A lunch buffet in a hotel
5
Which of the following statements about the law of demand is
correct
?
It shows the positive relationship between price and Qd
It shows a positive relationship between price and demand
It shows a negative relationship between price and Qd
It shows a negative relationship between price and demand
6
Which of the following can explain the reduction in price of smartphones in recent year?
Smartphones nowadays have more functions
There are more companies producing smartphones
The use of smartphones is addictive
More people are using smartphones
7
Which of the following is true when there is a shortage?
At the selling price, demand and larger than supply
the price tends to decrease
At the selling price, supply is larger than demand
the price tends to increase
8
Which of the following is true when there is a surplus of food?
Food will be given out free of charge
People are queuing up to buy food
The amount of food can satisfy all human wants
Some people are starving (飢餓)
9
Which of the following will increase your demand of cheap lunch boxes?
More restaurants opened in Po Lam
your pocket money decreases
Your pocket money increases
Your lunchtime becomes longer
10
Which of the following events increase the equilibrium price of air conditioners in HK?
People in HK promote energy saving
More factories are producing air conditioners
You have chosen Economics as one of your elective sbubjects
More household buys air conditioners in summer
