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Demand and Supply Part 2
Demand and Supply Part 2
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Further quiz on demand and supply
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
which of the following will cause a
movement
along the demand curve for hamburgers?
a change in the price of kebab (close substitute)
a change in tastes and preferences
a change in consumers income
a change in the price of hamburgers
2
if the
price
of hamburgers increase, the following will happen
demand curve will shift to the left
an upward movement along the demand curve for hamburgers
a downward movement along the demand curve for hamburgers
demand curve will shift to the right
3
if the
price
of hamburgers increase, the following will happen
the quantity demanded for hamburgers will fall
the demand curve will shift to the left
the quantity demanded for hamburgers will rise
the demand curve will shift to the right
4
According to the law of supply, the
quantity supplied
of a good/service changes
when costs of production change
when the price of other goods/services change
when technology changes
when the price of a good/service changes
5
The positive sloping supply curve means that when
price increases
Qd will rise
Qs will fall
Qs will rise
Qd will fall
6
which of the following will cause a
shift
of the demand curve for hamburgers?
a change in the price of hamburgers
a change in the price of kebabs (close substitute)
7
if the
price
of hamburgers increase, the following will happen
the supply curve will shift to the right
the quantity supplied of hamburgers will rise
the quantity supplied for hamburgers will fall
the supply curve will shift to the left
8
which of the following will cause a
movement
along the supply curve of hamburgers?
a change in technology and equipment used to make hamburgers
a change in the price of hamburgers
a change in hamburger suppliers
a change in the costs of making hamburgers
9
According to the law of demand, the
quantity demanded
of a good/service changes
when tastes and preferences change
when the price of a good/service changes
when consumer income changes
when the price of other goods change
10
In which case will the demand curve
shift
to the right?
The price of hamburgers decrease
a recent study suggesting that hamburgers are good for you
the price of sauce increases
the price of kebabs fall
11
The downward sloping demand curve means that when
price increases
Qs will fall
Qd will rise
Qd will fall
Qs will rise
12
In which case will the supply curve
shift
to the right?
new improved and efficient ways of making hamburgers
The price of hamburgers decrease
the price of kebabs fall
an increase in the wages paid to part-time staff at the cafe
13
which of the following will cause a
shift
of the supply curve for hamburgers?
a change in the cost of producing hamburgers
a change in the price of hamburgers
14
if the
price
of hamburgers increase, the following will happen
supply curve will shift to the left
a downward movement along the supply curve for hamburgers
supply curve will shift to the right
an upward movement along the supply curve for hamburgers
