demand curve

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what is a demand curve? A demand curve shows how much of a good consumers are willing to buy at different prices, if their income, preferences and other things were constant
what does ceteris paribus mean? Ceteris paribus mean "other things equal"
Demand curve shows the relationship between ______ and ______ Demand curve shows the relationship between price and relationship holding other things constant
What can cause a demand curve shift? A demand curve shift can be causes by a change in income, tastes and price of related goods
What happens to the demand curve if all other things were not held constant? The demand curve would shift
What are the factors that cause a shift to the demand curve? A change in the price of related goods, a change in income, a change in taste and a change in expectations will cause the demand curve to shift
An increase in consumer income will increase the demand for which type of goods? normal goods
A increase in consumer income will decrease the demand for which type of goods? inferior goods
A recent study found that an increase in the Federal tax on beer (and thus an increase in the price of beer)would reduce the demand for marijuana. what conclusion can we derive from this statement beer and marijuana are substitute goods
In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by a change in buyer taste
How will an increase in the price of A affect the demand for B? An increase in the price of product A will increase the demand for substitute product B
The demand curve for a product might shift as the result of a change in consumer taste, consumer income and the prices of related goods
what would happen if the demand for a normal good shifted to the left? The consumer income must have fallen
what will happen to the demand for product X if the consumer income increase It may shift either to the right or left
what is a normal good? A normal good is one that the consumption of which varies directly with incomes.
which goods' demand varies directly with changes in consumer income normal goods
Assume the demand curve for product X shifts to the right. This might be caused by a decline in income if X is an inferior good
Cameras and film are _____ goods complementary goods
Tennis rackets and ballpoint pens are what type of goods independent goods
Other things equal, what might shift the demand curve for gasoline to the left the development of a low-cost electric automobile
If Z is an inferior good, a decrease in money income will shift the demand curve for Z to the right
If X is a normal good, a rise in money income will shift the demand curve for X to the right
If L and M are complementary goods, an increase in the price of L will result in a decrease in the sales of M
How can a shift to the right in the demand curve for product A be explained consumer preferences have changed in favor of A so that they now want to buy more at each possible price
Give an example of an inferior good used clothing
If the price of K declines, the demand curve for the complementary product J will shift to the right
If the price of product L increases, the demand curve for close-substitute product J will shift to the right
If the demand curve for product B shifts to the right as the price of product A declines, then A and B are ______ complementary goods
A rightward shift in the demand curve for product C might be caused by a decrease in the price of a product that is complementary to C
If two goods are complements how will the decrease in the price of one affect the other a decrease in the price of one will increase the demand for the other
what is meant when demand increases? It means that the quantity demanded at each price in a set of prices is greater
what is a demand curve? In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at any given price. It is a graphic representation of a demand schedule.
The demand curve shows the relationship between price and quantity demanded
what does the law of demand state? price and quantity demanded are inversely related
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded

what is a demand curve?

what does ceteris paribus mean?

Demand curve shows the relationship between ______ and ______

What can cause a demand curve shift?

What happens to the demand curve if all other things were not held constant?

What are the factors that cause a shift to the demand curve?

An increase in consumer income will increase the demand for which type of goods?

A increase in consumer income will decrease the demand for which type of goods?

A recent study found that an increase in the Federal tax on beer (and thus an increase in the price of beer)would reduce the demand for marijuana. what conclusion can we derive from this statement

In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by

How will an increase in the price of A affect the demand for B?

The demand curve for a product might shift as the result of a change in

what would happen if the demand for a normal good shifted to the left?

what will happen to the demand for product X if the consumer income increase

what is a normal good?

which goods' demand varies directly with changes in consumer income

Assume the demand curve for product X shifts to the right. This might be caused by

Cameras and film are _____ goods

Tennis rackets and ballpoint pens are what type of goods

Other things equal, what might shift the demand curve for gasoline to the left

If Z is an inferior good, a decrease in money income will shift the

If X is a normal good, a rise in money income will shift the

If L and M are complementary goods, an increase in the price of L will result in

How can a shift to the right in the demand curve for product A be explained

Give an example of an inferior good

If the price of K declines, the demand curve for the complementary product J will

If the price of product L increases, the demand curve for close-substitute product J will

If the demand curve for product B shifts to the right as the price of product A declines, then A and B are ______

A rightward shift in the demand curve for product C might be caused by

If two goods are complements how will the decrease in the price of one affect the other

what is meant when demand increases?

what is a demand curve?

The demand curve shows the relationship between

what does the law of demand state?

Economists use the term demand to refer to

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