Podcast
Questions and Answers
Which factor results in a movement along the demand curve?
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?
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?
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?
Which of the following is an example of substitute goods?
If people expect the price of a good to increase, what will they likely do?
If people expect the price of a good to increase, what will they likely do?
Which of the following is NOT a non-price factor that affects the demand curve?
Which of the following is NOT a non-price factor that affects the demand curve?
Which of the following is an example of substitute goods?
Which of the following is an example of substitute goods?
Which of the following is NOT an example of complementary goods?
Which of the following is NOT an example of complementary goods?
What happens to the demand for a good if people expect its price to increase?
What happens to the demand for a good if people expect its price to increase?
Which of the following is NOT a factor that results in a shift in the demand curve?
Which of the following is NOT a factor that results in a shift in the demand curve?
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