20 May WHICH OF THE FOLLOWING DOES NOT DIRECTLY CAUSE A SHIFT IN THE DEMAND CURVE?
Question 1.1.The sum of the demands of all the buyers in a market is known as ________. (Points : 1)
quantity demanded
supply of demand
market demand
law of demand
Question 2.2.Which of the following does NOT directly cause a shift in the demand curve? (Points : 1)
changes in price
the introduction of a substitute product
frequency with which consumers purchase the product
changes in tax
Question 3.3.Based on the law of ________, if the price decreases the quantity ________. (Points : 1)
supply, increases
supply, decreases
demand, increases
demand, decreases
Question 4.4.Demand is illustrated by a ________. (Points : 1)
market’s trends
schedule and curve
society’s needs
singular community focus
Question 5.5.A change in demand occurs when ________. (Points : 1)
any factor other than the price of the goods changes
when the price of the goods change
when there is a scarcity of goods
when the market in inflated
Question 6.6.A change in the quantity demanded occurs ________. (Points : 1)
when the change in price results in a movement along the supply curve
when a change in other factors shifts the supply curve
when a change in quantity results in a movement along the supply curve
when a change in the price results in quantity changes of the supply curve
Question 7.7.Which of the following does NOT cause a shift in the supply curve of a good? (Points : 1)
change in productivity
the price of that good
prices of inputs
princes of outputs
Question 8.8.A ________ is a list of the quantities supplied at each price when all other factors remain the same. (Points : 1)
demand schedule
production schedule
supply schedule
market schedule
Question 9.9.An example of a ________ is purchasing Coke rather than Pepsi. (Points : 1)
complement
curve in supply
supplement
substitute
Question 10.10.Which of the following pairs of goods would be considered complements-in-production? (Points : 1)
steel for car chassis and rubber for tires
coffee and cream
lumber and sawdust
breakfast cereal and milk
Question 11.11.When the demand for any given product ________, this leads to a ________ in the supply of that product. (Points : 1)
increases, increase
increases, decrease
decreases, increase
stabilizes, decrease
Question 12.12.If both the demand and the supply of a good decrease, both the supply and demand curves shift ________. (Points : 1)
upward
downward
leftward
rightward
Question 13.13.What will happen to the price if the increase in demand is greater than the increase in supply? (Points : 1)
the price will increase
the price will decrease
the price will stay the same
the price will fluctuate
Question 14.14.If ________ decreases by more than ________ decreases, the result is a ________ price. (Points : 1)
supply, demand, lower
demand, supply, constant
supply, demand, higher
demand, supply, constant
Question 15.15.Theoretically, the shift in demand from standard DVDs to Blu-ray discs would ________the price of standard DVDs. (Points : 1)
have no effect on
decrease
increase
not enough information
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