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CAIE Business - Demand, Supply and Price Flashcards | StudBud

Explore/CAIE Business - Demand, Supply and Price

In the figure, the shift in the demand curve from D to D1 can be the result of

What is effective demand?

CAIE Business - Demand, Supply and Price

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Unit 3 Marketing - Demand and Supply

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Answers

1
What is effective demand?
When consumers make clear their intentions
When consumers purchase the good/service
When consumers are willing and able to purchase
When consumers are willing but not able to purchase
2
In the figure, the shift in the demand curve from D to D1 can be the result of
a change in quantity demanded.
an increase in the price of a substitute for pizza.
an increase in the price of a complement to pizza.
an increase in the price of pizza.
3
Which of the following is NOT a factor influencing demand?
the price of substitute goods
The price of complementary goods
The income of consumers
The price of labour
4
A leftward shift in the demand curve could be caused by which of the following?
An improvement in technology
Decrease in income
Tax increase
Decrease in the number of sellers
5
Which of the following is NOT a factor of supply?
consumer tastes
cost of resources
government regulation
state of technology
6
Where supply and demand curves meet is known as:
equilibrium
coincide
connection
equal
7
The Law of Supply states that when the price increases:
The quantity is a farce
The quantity stays the same
The quantity increases
The quantity decreases
8
In the figure, the shift in the supply curve from S to S2 for a Pizza manufacturer might reflect
an increase in the price of a pizza.
a decrease in the cost of the tomato sauce
a decrease in the number of pizza producers.
an increase in income.
9
A factor which affects both supply and demand
consumer tastes
market price
quantity of goods available
consumer preferences
10
What graph is this?
Supply
Demand