10 Questions
Which factor results in a movement along the demand curve?
Price of related commodities
Which factor results in a shift in the demand curve?
Outlook
Which of the following is an example of complementary goods?
Socks and shoes
Which of the following is an example of substitute goods?
Ballpen and pencil
If people expect the price of a good to increase, what will they likely do?
Buy it before the price increases
Which of the following is NOT a non-price factor that affects the demand curve?
Price of related commodities
Which of the following is an example of substitute goods?
Ballpen and pencil
Which of the following is NOT an example of complementary goods?
Ballpen and pencil
What happens to the demand for a good if people expect its price to increase?
The demand increases
Which of the following is NOT a factor that results in a shift in the demand curve?
Price of the good
Test your knowledge on changes in demand brought by price and non-price factors with this quiz. Learn about the factors that can cause a movement along or shift in the demand curve, including price of related commodities, outlook, income, number of consumers, and taste and preferences.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
