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Factors Affecting Demand - True/False

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Factors Affecting Demand - True/False

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About this activity

Test your understanding of demand factors.

Created by

sarah ayyad
sarah ayyad
United Arab Emirates

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Factors Affecting Demand - True/False
 

Factors Affecting Demand - True/FalseOnline version

Test your understanding of demand factors.

by sarah ayyad
1

Expectations of higher future prices can today increase demand.

2

A decrease in consumer income always lowers demand for all goods.

3

Expectations of lower future prices increase current demand.

4

Income increases always shift demand to the left.

5

A change in consumer preferences cannot shift the demand curve.

6

If the number of buyers falls, demand for the good rises.

7

The law of demand states that price and quantity demanded move in the same direction.

8

A decrease in the price of a complement decreases demand for the original good.

9

Hot weather leads to higher demand for all goods.

10

A rise in the price of a substitute decreases demand for the original good.

11

An increase in consumer income, ceteris paribus, raises demand for normal goods.

12

Demand is only affected by the price of the good itself.

13

A decrease in population size increases market demand for the good.

14

An increase in the price of a good will always increase demand.

15

A decrease in consumer income increases demand for normal goods.

16

An increase in the number of buyers increases overall market demand.

17

Advertising has no effect on demand.

18

The price of substitutes affects demand: a rise in the price of a substitute increases demand for the good.

19

A rise in the price of a good shifts the demand curve to the right.

20

Complementary goods: a fall in the price of a complement increases demand for the other good.

 
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