BYU-PATHWAY : ECON 100/ECON100 - W02 Study & Quiz: Lesson 2.1 - Demand | Quiz Score: 10 out of 10 Fall 2025/26.

W02 Study & Quiz: Lesson 2.1 - Demand 1. Read the chapter, Lesson 2.1 - Demand ( Score for this attempt: 10 out of 10  Question 1 1 / 1 pts The law of demand is the assertion that . change in price and change in quantity demanded move in the same direction the quantity demanded of a product is directly related to its price the quantity demanded of a product is inversely related to its price the demand for a product is negatively related to its price  Question 2 1 / 1 pts What factors influence the demand for goods and services? Supply, demand, competition Weather, geography, time Preference, taste, income Government policies, technology, culture  Question 3 1 / 1 pts What is the main economic factor that influences the quantity of frozen pizza a consumer is willing to purchase? Toppings Price Taste Size  Question 4 1 / 1 pts How does an increase in income affect the demand curve? Causes a movement along the curve. Shifts to the right for a normal good. Shifts to the right for an inferior good. Shifts to the left for a normal good.  Question 5 1 / 1 pts What happens to the quantity demanded at each price level when the demand curve shifts to the left? Increases Decreases Fluctuates Remains the same  Question 6 1 / 1 pts Which statement is correct? Increase in the price of the good causes a leftward shift in the demand curve. Increase in the price of the good causes a rightward shift in the demand curve. Increase in the price of the good causes a decrease in quantity demanded. Increase in the price of the good causes an increase in quantity demanded.  Question 7 1 / 1 pts Economists know that a particular good can be classified as an inferior good if a/an in buyers' income causes a/an . decrease; decrease in demand increase; increase in demand increase; decrease in demand increase; increase in quantity demanded  Question 8 1 / 1 pts Assuming that pizza is a normal good, if students' income at your college increases substantially, there would be . an increase in the quantity of pizza demanded a reduction in the demand for pizza no change in the demand for pizza an increase in the demand for pizza  Question 9 1 / 1 pts If peanut butter and jelly are complements, what happens to the demand for peanut butter if the price of jelly increases? Decreases Increases Randomly fluctuates Remains the same  Question 10 1 / 1 pts Which of the following best describes substitutes? Goods with similar prices Goods used in place of each other Goods consumed together Goods with no relation Quiz Score: 10 out of 10