Practice Movements Along The Demand Curve And Shifts In The Demand Curve (2.4.6)

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6 sample questions

Question 1.
Define what a demand curve is.
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Think about what happens to demand as price changes.
Question 2.
What happens to the demand for a normal good when consumer income increases?
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Consider how consumers might react to having more money.
3Question 3.
What causes a movement along the demand curve?
- A change in income
- A change in consumer preferences
- A change in the price of the good
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Remember the Law of Demand.
4Question 4.
Shifts in the demand curve occur due to which of the following?
- True
- False
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Think about what might change demand besides price.
Question 5.
Describe a scenario in which the demand curve for a product shifts to the right and explain why.
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Consider factors that generally make consumers want to purchase more.
Question 6.
Illustrate and explain how a decrease in the price of one good affects the demand for its substitute.
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Think about how consumers react to variations in prices among similar goods.

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