Question 1

A rise in the price of a substitute good will cause the demand curve for the original good to:

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Question 2

Explain how an increase in income affects demand for a normal good.

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Question 3

Explain how a fall in price affects quantity demanded.

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Question 4

An increase in consumer income will shift the demand curve for a normal good:

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Question 5

A shift of the demand curve to the right indicates:

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Question 6

If the price of coffee rises from $3 to $5 and the quantity demanded falls, this is best described as:

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Question 7

The law of demand states that:

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Question 8

Define the term quantity demanded.

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Question 9

Individual demand differs from market demand in that:

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Question 10

State four determinants of demand other than the price of the good.

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Question 11

A movement along the demand curve is caused by:

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Question 12

Distinguish between a normal good and an inferior good.

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Question 13

Define the term demand.

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Question 14

Explain one way advertising can affect demand.

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Question 15

State the law of demand.

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Question 16

Distinguish between individual demand and market demand.

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Question 17

Identify whether the following causes a movement or a shift: a successful advertising campaign.

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Question 18

The demand curve slopes downward from left to right because:

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Question 19

Explain how an increase in income affects demand for a normal good.

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Question 20

State the law of demand.

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Topic 2.1: Demand Questions

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