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- 1. Multiple Choice
Which of the following pairs is an example of substitutes?
Cereal and Milk
calculators and iPods
Gatorade and Powerade
water skiing and skateboarding
- 2. Multiple Choice
Which of the following are
non-examples of complements?
football jersey and shoulder pads
iPod and iPad
bicycle and helmet
computer and charging cord
- 3. Multiple Choice
When the price of something increases, the quantity demanded ___?
decreases
reverses
increases
remains the same
- 4. Multiple Choice
Which of the following would cause the demand curve to
shift to the left?
the average annual income increases
government corporate taxes increase
consumers begin to like the product
price of a complementary good increases
- 5. Multiple Choice
What would not cause a change (shift) in the demand curve?
a decrease in the salary’s of the population
a change in popularity of the good
a change in price of the good
an increase in the price of a substitute good
- 6. Multiple Choice
How can expectations about a future price change consumer behavior?
If the price is expected to stay the same, immediate demand will decrease.
Immediate demand for a good is not related to future price expectations.
If a good is expected to be plentiful, demand will not be affected.
Immediate demand will increase, if a good’s price is expected to rise in the future.
- 7. Multiple Choice
If price of tea decreases, what is the affect on the demand for coffee?
the demand for tea is not affected
the demand for coffee decreases
the demand for tea decreases
the demand for coffee increases
- 8. Multiple Choice
Which of the following would cause the demand curve to
shift to the right?
a popular toys loses appeal
Suppliers expect higher prices in the future
price of a substitute good decreases
the average annual income increases
- 9. Multiple Choice
Which of the following would cause the demand curve to
shift to the left?
price of a substitution good decreases
huge population increase
new government regulations
consumers begin to like the product
- 10. Multiple Choice
Which of the following would cause the demand curve to
shift to the left?
price of a complementary good decreases
huge population increase
new government regulations
consumers begin to dislike the product
- 11. Multiple Choice
Which of the following would cause the demand curve to
shift to the right?
a popular toys loses appeal
suppliers expect higher prices in the future
price of a substitute good decreases
huge population increase
- 12. Multiple Choice
An increase in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
- 13. Multiple Choice
An increase in quantity Demanded is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
- 14. Multiple Choice
An decrease in quantity Demanded is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
- 15. Multiple Choice
An decrease in Demand is located by moving from point ________ to point_________
Moving from A to B
Moving from A to C
Moving from C to A
Moving from B to A
- Answer choicesTagsAnswer choicesTags