DEMAND QUIZ
Short-answer quiz
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What is the only thing that can cause a movement along the demand curve?
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A change in the quantity demanded is cause by a change in what?
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A good that decreases in demand with an increase in income is what kind of good?
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With an increase in income consumers buy more because they can now _____ more.
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A table that shows how much a consumer will buy at a given price is called a ______ __________.
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If the price of good A increases and the demand for good B also increases then the two goods are _____________?
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When an increase in income leads to an increase in demand then the good is what kind of good?
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People on low incomes will spend most of their money on what type of good?
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The horizontal summation of each individuals demand at each price is called
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Demand is what a consumer is both ______ and ______ to buy at a certain price.
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A decrease in quantity demanded is a reult of a
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A price decrease in will result in an increase in
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An increase in income will result in an increase in
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If the price of good A increase and the demand for good B decreases then the two goods are what?
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A shift to the left is called a decrease in
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A movement up along in the demand curve is called a decrease in
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The picture shows an decrease in_______
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The above situation could have been caused by an increase in what?
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A movement along the demand curve can only be caused by a change in.....
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People on higher incomes will spend more of their income on what type of good?
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