Question 1

A rise in the price of a substitute good will cause the demand curve for the original good to:

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Question 2

Individual demand differs from market demand in that:

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Question 3

Individual demand differs from market demand in that:

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Question 4

An increase in consumer income will shift the demand curve for a normal good:

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Question 5

If the price of coffee rises from $3 to $5 and the quantity demanded falls, this is best described as:

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Question 6

The law of demand states that:

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Question 7

Define the term demand.

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Question 8

State the law of demand.

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Question 9

Distinguish between a normal good and an inferior good.

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Question 10

State four determinants of demand other than the price of the good.

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Question 11

A movement along the demand curve is caused by:

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Question 12

A shift of the demand curve to the right indicates:

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Question 13

State the law of demand.

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Question 14

The demand curve slopes downward from left to right because:

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Question 15

Distinguish between individual demand and market demand.

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Question 16

Define the term demand.

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Question 17

The law of demand states that:

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Question 18

The demand curve slopes downward from left to right because:

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Question 19

Define the term quantity demanded.

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Question 20

Distinguish between individual demand and market demand.

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Topic 2.1: Demand Questions

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