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Demand

Quiz by Rachel Murat

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13 questions
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  • Q1
    people buy more of a good at a lower price
    law of demand
    30s
  • Q2
    Consumer desire, willingness and ability to buy products
    demand
    30s
  • Q3
    when consumers react to an increase in a good's price by consuming less of that good and more of other goods
    substitution effect
    30s
  • Q4
    demand goes down
    when price goes up
    30s
  • Q5
    demand goes up
    when price goes down
    30s
  • Q6
    I bought Red Bull instead
    the price of Monster went up
    30s
  • Q7
    the price went down to .99, so I bought 2 of them
    I usually by one cookie a day at $1.99
    30s
  • Q8
    A good for which higher income increases demand
    normal goods
    30s
  • Q9
    are goods that consumers demand less of when their incomes rise
    inferior goods
    30s
  • Q10
    the change in consumption resulting from a change in income
    income effect
    30s
  • Q11
    two goods that are bought and used together
    complements
    30s
  • Q12
    will cause a shift to the right
    an increase in demand
    30s
  • Q13
    will cause a shift to the left
    a decrease in demand
    30s

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