Transcript Demand/ Quantity Demanded Quiz

Demand/ Quantity Demanded Quiz
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MP3 players become cheaper. What happens to demand for CD players?
Tomatoes become more expensive to produce due to bad weather. The
price of tomatoes rises. What happens to demand?
A celebrity is seen wearing a new style shirt. What happens to demand
for that shirt?
Butter drops in price. What will happen to the demand for Margarine?
There is an end of season sale on winter coats. What happens to
demand?
The price of hamburger meat drops, what happens to the demand for
hamburger buns?
Digital cameras become more popular, what happens to the demand for
camera film?
Gas goes up in price. What happens to the demand for SUVs? Fuel
efficient cars?
Spinach is discovered to have E Coli. What happens to the demand for
spinach? Green beans, a substitute for spinach?
The celebrity shirt from question 3 becomes very popular and doubles in
price. What happens to demand now?
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MP3 players become cheaper. What happens to demand for CD
players?
– Change in demand , shifts to the left- substitute goods MP3 players
become cheaper.
Tomatoes become more expensive to produce due to bad weather. The
price of tomatoes rises. What happens to demand?
– Change in quantity demanded- due to the price of THAT product
A celebrity is seen wearing a new style shirt. What happens to demand
for that shirt?
– Change in demand, shifts to the right- consumer tastes/preferences
Butter drops in price. What will happen to the demand for Margarine?
– Change in demand, shifts to the left- substitute goods
There is an end of season sale on winter coats. What happens to
demand?
– Change in quantity demanded- due to the price of THAT product
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9.
10.
The price of hamburger meat drops, what happens to the demand
for hamburger buns?
– Change in demand, shifts to the right- complementary goods
Digital cameras become more popular, what happens to the demand
for camera film?
– Change in demand, shifts to the left, substitute goods
Gas goes up in price. What happens to the demand for SUVs? Fuel
efficient cars?
– SUVs: Change in demand, shifts to the left, complementary good
– F.E.: Change in demand, shifts to the right, sub for SUVs
Spinach is discovered to have E Coli. What happens to the demand
for spinach? Green beans, a substitute for spinach?
– Spinach: Change in demand, tastes and preferences
– Green Beans: Change in demand, substitute good
The celebrity shirt from question 3 becomes very popular and
doubles in price. What happens to demand now?
– Change in quantity demanded, due to the price of THAT product