
Demand 1
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10th Grade
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Dellon-Dale BENNETT
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13 Slides • 14 Questions
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D. Bennett
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Write the HIGHEST and LOWEST price that you are willing and able to pay for a slice of pizza.
Do not discuss or show anyone your answer.
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In economics, demand refers to the willingness and ability of a consumer to buy goods and services at a specific price. Economists use the term demand to indicate that consumers need particular goods or services and are willing to buy them at the price they are at the time of demand.
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A change in price causes a movement along the demand curve.
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Multiple Choice
represents the law of demand
shows that as the price of a good rises, consumers increase the quantity they demand
indicates how the quantity demanded changes when incomes rise and the good is a normal good
indicates how demand changes when incomes rise and the good is a normal good
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Multiple Choice
studies showing using cellular phones can cause brain cancer
a decrease in the price of cellular phones
a decrease in the quantity demanded of cellular phones
an increase in the services provided by cellular phones, such as text messaging
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Multiple Choice
quantity demanded has increased
quantity demanded has decreased
demand has increased
demand has decreased
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Multiple Choice
movement along the curve
movement along the price curve
change in quantity demanded of a good
shift in the demand curve
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Multiple Choice
market size
price of a substitute good
price of a complementary good
tastes and preferences (popularity)
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Multiple Choice
increase in price for Samsung Galaxy
increase in population in HK
the price for iPhones is expected to increase next week
the price of iPhone apps increased
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Multiple Choice
quantity demanded increases
quantity demanded decreases
demand increases
demand decreases
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Multiple Choice
population
income
price
tastes and preferences
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Multiple Choice
The demand curve for movie tickets will move right.
The quantity demanded for movie tickets will increase.
The demand curve for movie tickets will move left
The quantity demand for movie tickets will decrease
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Multiple Choice
As price goes down, demand goes down. (and vice versa).
As price goes down, demand goes up (and vice versa).
As demand goes down, supply goes up.
As demand goes up, price becomes elastic.
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Multiple Choice
increase in demand
decrease in demand
change in quantity demand
none of the above
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Multiple Choice
Demand
Quantity Demanded
Supply
Quantity Supplied
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Multiple Choice
a change in the number of buyers
increased preferences for fresh fruit consumption for health reasons
a change in the price of an apple
a change in the price of a banana
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Multiple Choice
the demand for Internet services increases
the demand for Internet services decreases
The demand for Internet services remains unchanged
The demand for Internet services could increase, decrease, or stay the same depending on other factors
D. Bennett
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