Demand
Quiz by April MacNamee
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15 questions
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- Q1We demand less of these when are incomes risesubstitute goodsinferior goodsnormal goodsdemand30s
- Q2If price goes downdemand stays the samesupply goes updemand goes updemand goes down30s
- Q3A shift to the right isa change in quantity demandeda decrease in demanda change in pricean increase in demand30s
- Q4A shift to the left isincrease in supplychange in pricea decrease in demandan increase in demand30s
- Q5Law of demand says price and quantity havea similar relationshipno relationshipa direct relationshipan inverse relationship30s
- Q6Red Bull and Monster areinferior goodsincome effectcomplementssubstitutes30s
- Q7Changes in income affect how much and what we buysubstitute effectconsumer tastesincome effectcomplements30s
- Q8A consumers willingness and ability to buy productslaw of demandchange in demandincome effectdemand30s
- Q9Goods that are bought and used togethercomplementsnormal goodssubstitutesinferior goods30s
- Q10We demand more of these when incomes risenormal goodsgeneric goodsinferior goodssubstitutes30s
- Q11Amount of potential buyerslaw of demandmarket sizetastesexpectations30s
- Q12Change in demand prior to a snowstorm issubstitute effectconsumer tastesconsumer expectationsmarket size30s
- Q13Change in quantity demanded is anormal goodsubstituteslideshift30s
- Q14If price goes updemand goes updemand goes downdemand stays the samesupply goes down30s
- Q15Complements arepeanut butter and jellycoke and pepsicoffee and teachips and pretzels30s