Module 3 - Supply and Demand Questions
and Answers 2025 Latest Update
WhatAisAtheA"LawAofADemand"?A-ACORRECTAANSWERS-
higherApricesAreduceAamountAdemandedA
lowerApricesAincreasesAdemand
HigherAprice,AlowerAquantityAdemanded
LowerAprice,AhigherAquantityAdemanded
WhatAoneAfactorAcausesAaAchangeAinAquantityAdemanded?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-HigherAincomeAincreaseAconsumersAbuying.A
ShiftsAtheAdemandAtoAtheArightpriceAofAcomplementsAandAsubsittutes,Aincome,Apopulation,
AconsumerApreference
WhatAareAtheAfactorsAthatAchangeAdemand?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-1.AConsumerApreference
2.APricesAofArelatedAGoods/Services
3.AIncome
4.ADemopgraphicAcharacteristics
5.ABuyerAexpectations
GraphAwillAeitherAshiftArightAwithAanAincreaseAorAshiftAleftAwithAaAdecrease
TheApriceAofAbooksAincreases.AWhatAhappensAtoAtheAdemandAforAbooks?AWhatAhappensAt
oAtheAquantityAdemanded?A-ACORRECTAANSWERS-
fewerAbooksAareAdemanded,AaAchangeAinAdemandAthatAcausesAtheAdemandAcurveAtoAshift.
WhatAisAtheA"LawAofASupply"?A-ACORRECTAANSWERS-
aAhigherApriceAleadsAtoAaAhigherAquantityAsuppliedAandAthatAaAlowerApriceAleadsAtoAaAlowerA
quantityAsupplied.
WhatAoneAfactorAcausesAaAchangeAinAquantityAsupplied?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-
HigherAPriceAofAfactorsAofAproductionAleadsAtoAaAdecreaseAinAquantityAsupplied.Q.S.Awould
AshiftAtoAtheAleft
WhatAareAtheAfactorsAthatAchangeAsupply?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-1.APriceAofAfactorsAofAproduction
2.AreturnsAfromAalternativeAactivities
3.ATechnology
4.ASellerAexpectations
5.ANaturalAEvents
6.ANumberAofAsellers
and Answers 2025 Latest Update
WhatAisAtheA"LawAofADemand"?A-ACORRECTAANSWERS-
higherApricesAreduceAamountAdemandedA
lowerApricesAincreasesAdemand
HigherAprice,AlowerAquantityAdemanded
LowerAprice,AhigherAquantityAdemanded
WhatAoneAfactorAcausesAaAchangeAinAquantityAdemanded?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-HigherAincomeAincreaseAconsumersAbuying.A
ShiftsAtheAdemandAtoAtheArightpriceAofAcomplementsAandAsubsittutes,Aincome,Apopulation,
AconsumerApreference
WhatAareAtheAfactorsAthatAchangeAdemand?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-1.AConsumerApreference
2.APricesAofArelatedAGoods/Services
3.AIncome
4.ADemopgraphicAcharacteristics
5.ABuyerAexpectations
GraphAwillAeitherAshiftArightAwithAanAincreaseAorAshiftAleftAwithAaAdecrease
TheApriceAofAbooksAincreases.AWhatAhappensAtoAtheAdemandAforAbooks?AWhatAhappensAt
oAtheAquantityAdemanded?A-ACORRECTAANSWERS-
fewerAbooksAareAdemanded,AaAchangeAinAdemandAthatAcausesAtheAdemandAcurveAtoAshift.
WhatAisAtheA"LawAofASupply"?A-ACORRECTAANSWERS-
aAhigherApriceAleadsAtoAaAhigherAquantityAsuppliedAandAthatAaAlowerApriceAleadsAtoAaAlowerA
quantityAsupplied.
WhatAoneAfactorAcausesAaAchangeAinAquantityAsupplied?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-
HigherAPriceAofAfactorsAofAproductionAleadsAtoAaAdecreaseAinAquantityAsupplied.Q.S.Awould
AshiftAtoAtheAleft
WhatAareAtheAfactorsAthatAchangeAsupply?AIllustrateAthisAusingAaAgraph.A-
ACORRECTAANSWERS-1.APriceAofAfactorsAofAproduction
2.AreturnsAfromAalternativeAactivities
3.ATechnology
4.ASellerAexpectations
5.ANaturalAEvents
6.ANumberAofAsellers