Factors Affecting Demand - True/False

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Test your understanding of demand factors.

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sarah ayyad

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Factors Affecting Demand - True/False


Factors Affecting Demand - True/FalseVersión en línea Test your understanding of demand factors. por sarah ayyad 1 A decrease in the price of a complement decreases demand for the original good. Yes No 2 The price of substitutes affects demand: a rise in the price of a substitute increases demand for the good. Yes No 3 Complementary goods: a fall in the price of a complement increases demand for the other good. Yes No 4 Demand is only affected by the price of the good itself. Yes No 5 A decrease in consumer income always lowers demand for all goods. Yes No 6 A rise in the price of a good shifts the demand curve to the right. Yes No 7 Hot weather leads to higher demand for all goods. Yes No 8 An increase in the price of a good will always increase demand. Yes No 9 An increase in the number of buyers increases overall market demand. Yes No 10 The law of demand states that price and quantity demanded move in the same direction. Yes No 11 Income increases always shift demand to the left. Yes No 12 Advertising has no effect on demand. Yes No 13 A rise in the price of a substitute decreases demand for the original good. Yes No 14 If the number of buyers falls, demand for the good rises. Yes No 15 A decrease in consumer income increases demand for normal goods. Yes No 16 An increase in consumer income, ceteris paribus, raises demand for normal goods. Yes No 17 Expectations of lower future prices increase current demand. Yes No 18 A decrease in population size increases market demand for the good. Yes No 19 A change in consumer preferences cannot shift the demand curve. Yes No 20 Expectations of higher future prices can today increase demand. Yes No

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Factors Affecting Demand - True/False

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Factors Affecting Demand - True/FalseVersión en línea

por sarah ayyad

A decrease in the price of a complement decreases demand for the original good.

The price of substitutes affects demand: a rise in the price of a substitute increases demand for the good.

Complementary goods: a fall in the price of a complement increases demand for the other good.

Demand is only affected by the price of the good itself.

A decrease in consumer income always lowers demand for all goods.

A rise in the price of a good shifts the demand curve to the right.

Hot weather leads to higher demand for all goods.

An increase in the price of a good will always increase demand.

An increase in the number of buyers increases overall market demand.

The law of demand states that price and quantity demanded move in the same direction.

Income increases always shift demand to the left.

Advertising has no effect on demand.

A rise in the price of a substitute decreases demand for the original good.

If the number of buyers falls, demand for the good rises.

A decrease in consumer income increases demand for normal goods.

An increase in consumer income, ceteris paribus, raises demand for normal goods.

Expectations of lower future prices increase current demand.

A decrease in population size increases market demand for the good.

A change in consumer preferences cannot shift the demand curve.

Expectations of higher future prices can today increase demand.