How will a decrease in the price of hot dogs affect hamburgers?

demand will decrease and price will decrease

The reason that "Talk is cheap" is that

supply is much greater than demand

Which of the following will NOT cause the demand curve for product A to shift?

change in price of B a compliment

Which of the following statements is TRUE?

increase in income means demand for Kindles down

An increase in the price of Snickers will result in a(an)

decrease in demand for Snickers

A shortage of a good can be expected whenever

price of the good is below equilibrium price

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Duplicate of Supply and Demand Quiz

14 termsStudBud Administration62 plays

effects of price, supply, demand using real-world (sort of) examples. #supplydemand #shortage #surplus

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Questions 14

Answers

1
How will a decrease in average income affect inexpensive clothing from Tesco?
demand down and price down
demand up and price up
demand up and price down
demand down and price up
2
How will a decrease in the price of hot dogs affect hamburgers?
demand will decrease and price will increase
demand will increase and price will decrease
demand will increase and price will increase
demand will decrease and price will decrease
3
If the price of apple pie increases, the demand for ice cream (a compliment) will
decrease
increase and decrease at the same time
be unchanged
increase
4
The reason that "Talk is cheap" is that
demand is much greater than supply
supply is much greater than demand
5
Which of the following will NOT cause the demand curve for product A to shift?
change in price of B a compliment
increase in consumer income
change in the price of C, a substitute
change in the price of A
6
How will the roll-out of the new (and safer) Super Fuzzy Wuzzy affect demand for Fuzzy Wuzzy?
demand will increase
the old Fuzzy Wuzzys will attack and eat the new ones
the old Fuzzy Wuzzys will feel neglected
demand will decrease
7
If the price of Snickers goes up demand for Snickers goes down. This will result in
Snickers in school lunches
a surplus of Snickers
a further increase in the price of Snickers
a shortage of Snickers
8
If the price of hamburgers decreases, the demand for hot dogs (a substitute/pengganti) will
Sponge Bob
remain unchanged
increase
decrease
9
An increase in price of hot dogs means decrease in demand for mustard. They must be
complimentary goods
independent goods
substitute goods
delicious
10
Which of the following statements is TRUE?
decrease in income means demand for Kindles down
iPad price increase means demand for iPad cases up
increase in income means demand for Kindles down
iPad price down means demand for Kindles (a substitute) up
11
What might cause an increase in the demand for Fuzzy Wuzzys?
advertising for Fuzzy Wuzzys
more substitutes for Fuzzy Wuzzys
injuries to small children and pets swallowing Fuzzy Wuzzys
increase in the price of Fuzzy Wuzzys
12
An increase in the price of a product will cause
supply to decrease
Sponge Bob to increase
demand to decrease
demand to increase
13
An increase in the price of Snickers will result in a(an)
increase in demand for Snickers
decrease in demand for Snickers
increase in supply of Snickers
decrease in supply of Snickers
14
A shortage of a good can be expected whenever
the good goes out of style
price of the good is equal to equilibrium price
price of the good is below equilibrium price
price of the good is above equilibrium price

Duplicate of Supply and Demand Quiz Flashcards | StudBud