Homework 2 - test - Demand
Quiz by Gulzhan Markabayeva
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- Q1
Match the terms with the definitions
Users link answersLinking300s - Q2
Which of the following is NOT associated with the factors that shift the demand curve?
Population
Fashion and tastes
Income
Technology
300s - Q3
Pepsi and Coca-Cola are complementary goods
falsetrueTrue or False30s - Q4
Which of the following statements is true about a demand curve?
It slopes up from left to right
There is a proportionate relationship between price and the quantity demanded
When the price falls, the quantity demanded falls
When the price falls, the quantity demanded increases
300s - Q5
Which of the following will cause a demand curve to shift to the left?
A fall in income
A rise of the price of substitutes
A rise in income
A rise in population
30s - Q6
If the price of tamarind falls, there will be:
an increase in the quantity demanded of tamarind.
a decrease in the demand for tamarind.
a shift in the demand for tamarind.
300s - Q7
Which of the following is the example of complementary goods?
Ink pen and ball pen
Computers and computer software
Tea and coffee
300s - Q8
Goods that are tend to be "purchased together" are: (1 word)
Users enter free textType an Answer300s - Q9
Goods that can be used to replace purchases of other goods are
substitute goods
independent goods
complementary goods
300s - Q10
Law of Demand → States that when prices decrease, quantity supplied decreases, and when prices increase, quantity supplied increases
falsetrueTrue or False300s - Q11
Suppose that a decrease in the price of X results in less of good Y sold. Thiswould mean that X and Y are
Normal goods
Inferior goods
Complementary goods
Substitute goods
300s - Q12
A person’s expectations about the future
Can affect future demand
Cannot affect demand because expectations change
Can affect current demand
300s - Q13
If a decrease in income increases the demand for a good, then the good is
An inferior good
A substitute good
A normal good
A complement good
300s - Q14
Which of the four graphs represents the market for winter boots inJune?
B
C
A
D
300s - Q15
Which of the following is NOT associated with the factors that shift the demand curve?
Population
Income
Fashion and tastes
Technology
300s
