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- 1. Multiple Choice
What caused this to happen?Decrease in incomeIncrease in IncomeIncrease in price of substituteDecrease in price of complement - 2. Multiple ChoiceWhat caused this to happen?Increase in consumer interestIncrease in IncomeIncrease in price of complementDecrease in price of complement
- 3. Multiple ChoiceWhat caused this to happen?Price expected to rise next monthPrice expected to fall next monthIncrease in number of buyersIncrease in income of buyers
- 4. Multiple ChoiceWhat caused this to happen to the demand for gummy bears?Price of gummy worms increasesNew T.V. ad illustrates 50% of cavities are bear relatedMinimum wage is increased 7%Gummy bears become the official candy of netflix
- 5. Multiple ChoiceWhat caused this to happen to the demand for McDonalds french fries?Price of hamburgers decreasesMcDonalds announces fries will be $.50 more expensive starting next weekWendys has a sale, buy one burger get two fries free for the whole monthA new tax cut increases household income by 14%
- 6. Multiple ChoiceWhat caused this to happen?Income increasedIncome decreasedPrice of substitute decreasedPrice of complement increased
- 7. Multiple ChoiceWhat caused this to happen?Population decreasedIncome decreasedPrice of complement decreasedPrice of substitute decreased
- 8. Multiple ChoiceWhat caused this to happen?Population decreasedItem becomes trendyPeople expect the item to be cheaper laterPrice of product decreased
- 9. Multiple ChoiceWhat caused this to happen to the demand for Ford Cars?Demand for trucks increasedFord runs a new ad campaign that causes people to have seizuresChevy introduces a new revolutionary carNew government subsidy gives people a 20% tax cut for buying a new car
- 10. Multiple Choice
What caused this to happen to the demand for Cinnamon Toast Crunch?
Price of Cinnamon Mini-squares reduces
4/5 Dentists agree that Cinnamon Toast Crunch is the best cereal for your teeth
Consumer report announces cereal prices will fall 20% in the winter
Government makes it illegal for 65+year olds to buy sugary cereal
- 11. Multiple ChoiceWhat caused this to happen to the demand for Cinnamon Toast Crunch?Price was increasedPrice was decreasedDecrease in price of complementIncrease in price of substitute
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