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Advertising Impact on Demand Quiz

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Questions and Answers

By how much does the demand for X increase if the price of good Y increases by $2?

6 (correct)

If the price of good X decreases by $5, what happens to the demand for X?

It decreases by 2

It remains constant

It increases by 5

It increases by 2 (correct)

What happens to the demand for X if income increases by $20,000?

It decreases by 20 (correct)

It increases by 10

It decreases by 10

It increases by 20

Advertising Impact on Demand Quiz

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Podcast

Questions and Answers

By how much does the demand for X increase if the price of good Y increases by $2?

If the price of good X decreases by $5, what happens to the demand for X?

What happens to the demand for X if income increases by $20,000?

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