ECS1501: ASSIGNMENT 4 SEMESTER 2 2022
Each of the following is a determinant of demand except
tastes.
production technology.
expectations.
the prices of related goods.
The demand curve for a good is a line that relates
price and quantity demanded.
income and quantity demanded.
quantity demanded and quantity supplied.
price and income.
You love peanut butter. You hear on the news that 50 percent of the peanut crop in the
Northern Cape has been wiped out by drought, and that this will cause the price of
peanuts to double by the end of the year. As a result,
your demand for peanut butter will increase, but not until the end of the year.
your demand for peanut butter increases today.
your demand for peanut butter decreases as you look for a substitute good.
you will wait for the price of apricot jam to change before altering your demand for
peanut butter.
Clear my choice
,Which of the following would cause the demand curve to shift from Demand C to
Demand A in the market for blistering blue bottles?
an increase in the price of blistering blue bottles
a decrease in the price of blistering blue bottles
a change in consumer preferences toward perfectly pink pitchers rather than blistering
blue bottles
an expectation by buyers that their incomes will increase soon
Which of the following would NOT affect an individual's demand curve?
expectations
income
price of related goods
the number of sellers
Clear my choice
, Question 7
Two goods are substitutes if a decrease in the price of one good
decreases the demand for the other good.
decreases the quantity demanded of the other good.
increases the demand for the other good.
increases the quantity demanded of the other good.
An increase in demand is represented by
a movement downward and to the right along a demand curve.
a movement upward and to the left along a demand curve.
a rightward shift of a demand curve.
a leftward shift of a demand curve.
Clear my choice
Each of the following is a determinant of demand except
tastes.
production technology.
expectations.
the prices of related goods.
The demand curve for a good is a line that relates
price and quantity demanded.
income and quantity demanded.
quantity demanded and quantity supplied.
price and income.
You love peanut butter. You hear on the news that 50 percent of the peanut crop in the
Northern Cape has been wiped out by drought, and that this will cause the price of
peanuts to double by the end of the year. As a result,
your demand for peanut butter will increase, but not until the end of the year.
your demand for peanut butter increases today.
your demand for peanut butter decreases as you look for a substitute good.
you will wait for the price of apricot jam to change before altering your demand for
peanut butter.
Clear my choice
,Which of the following would cause the demand curve to shift from Demand C to
Demand A in the market for blistering blue bottles?
an increase in the price of blistering blue bottles
a decrease in the price of blistering blue bottles
a change in consumer preferences toward perfectly pink pitchers rather than blistering
blue bottles
an expectation by buyers that their incomes will increase soon
Which of the following would NOT affect an individual's demand curve?
expectations
income
price of related goods
the number of sellers
Clear my choice
, Question 7
Two goods are substitutes if a decrease in the price of one good
decreases the demand for the other good.
decreases the quantity demanded of the other good.
increases the demand for the other good.
increases the quantity demanded of the other good.
An increase in demand is represented by
a movement downward and to the right along a demand curve.
a movement upward and to the left along a demand curve.
a rightward shift of a demand curve.
a leftward shift of a demand curve.
Clear my choice
