The Law of Demand Answers
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This graph shows the quantity of t-shirts demanded at D and D1.The change in quantity demanded caused by a change in the price of t‐shirts is shown as
A
a shift to the right of the demand curve.B
a shift to the left of the demand curve.C
movement along the demand curve.2
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The degree to which quantity demanded changes after a price change is called
A
elasticity of demand.B
a substitute good.C
a complementary good.D
consumer demand.3
Consumers create demand for
A
goods and services.B
sales and low prices.C
goods and income.D
services and low prices.4
Maria purchases a premium brand of coffee at the grocery store for $8. Which would be considered a substitute good?
A
a coffee potB
a bottle of coffee creamerC
a lower-priced brand of coffeeD
a pound of sugar5
The graph shows a demand curve.Which most likely accounts for the changes shown on the demand curve?
A
More consumers want a product.B
Fewer consumers want a product.C
The price of a product rises a little.D
The price of a product rises sharply.Did you find these answers helpful?
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