Understanding Changes in Demand
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Questions and Answers

Which factor results in a movement along the demand curve?

  • Income
  • Price of related commodities (correct)
  • Outlook
  • Number of Consumers

    • Which factor results in a shift in the demand curve?

  • Income
  • Number of Consumers
  • Price of related commodities
  • Outlook (correct)

    • Which of the following is an example of complementary goods?

  • Ballpen and pencil
  • Hospital services and doctor’s services
  • Socks and shoes (correct)
  • Coffee and sugar

    • Which of the following is an example of substitute goods?

    <p>Ballpen and pencil</p> Signup and view all the answers

    If people expect the price of a good to increase, what will they likely do?

    <p>Buy it before the price increases</p> Signup and view all the answers

    Which of the following is NOT a non-price factor that affects the demand curve?

    <p>Price of related commodities</p> Signup and view all the answers

    Which of the following is an example of substitute goods?

    <p>Ballpen and pencil</p> Signup and view all the answers

    Which of the following is NOT an example of complementary goods?

    <p>Ballpen and pencil</p> Signup and view all the answers

    What happens to the demand for a good if people expect its price to increase?

    <p>The demand increases</p> Signup and view all the answers

    Which of the following is NOT a factor that results in a shift in the demand curve?

    <p>Price of the good</p> Signup and view all the answers

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