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Economics - Unit 2 review (Demand practice)

Quiz by Ashley Barker

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Q 1/6
Score 0
What does the movement shown on this graph represent?
29
Change in quantity supplied
Change in supply
Change in quantity demanded
Change in demand

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6 questions

Show answers

Q1
What does the movement shown on this graph represent?
Change in quantity supplied
Change in supply
Change in quantity demanded
Change in demand
60s
Q2
Chick-fil-A's chicken mini increases in popularity leading to increase in demand for chicken. Which determinant would explain this?
The Substitute Effect
Number of consumers
Tastes/Trends
Complimentary goods
30s
Q3
If the price of peanut butter increases, which of the following would be a likely result?
Decrease in demand for peanut butter
Increase in the quantity demanded for peanut butter
Increase in the quantity demanded for jelly
Decrease in demand for jelly
30s
Q4
If more families move into a neighborhood, what would be the likely affect on the market for pizza?
Increase demand for pizza
Increase in quantity demanded for pizza
Increase competition in the market for pizza
Decrease demand for pizza
30s
Q5
The U.S. President announces a new tax on oil that will take effect in two months. How would this effect the market for gasoline now?
Government decisions do not affect the market
Decrease in demand for gas
Increase in quantity demanded for gas
Increase in demand for gas
30s
Q6
In this graph representing the market for store-brand cereal, what might explain the movement of the demand curve from D3 to D1?
Decrease in the price of milk
Increase in the price of name-brand cereal
Increase in the number of consumers in that market
Decrease in the price of name-brand cereal
60s

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