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100

If consumer preferences shift toward healthier foods, what happens to the demand for fast food?

Decreases 

100


What effect does an increase in the number of sellers in a market have on supply?

Increases supply

100

This factor involves consumer anticipations about future prices or availability that can influence current demand levels.

Expectations

200

A rise in consumer income typically does what to demand?


increase

200

A government regulation that increases the costs of production would likely lead to:

A decrease in supply

200

An increase in population generally leads to an increase in demand.


True

300

An increase in the price of a complement good will lead to

A decrease in demand for the original good

300

This determinant refers to how changes in consumer tastes and trends can influence demand for a product.

Consumer Preferences

300


A change in consumer preferences can lead to a shift in the demand curve.

True

400

Which of the following would likely decrease supply?

Higher production costs

400

This factor indicates how a rise or fall in consumer income affects the demand for various types of goods (normal vs. inferior).

Income Levels

400

The introduction of new technology always decreases supply in a market.

False

500

Expectations of higher future prices typically result in

Increased current demand

500

This determinant considers how the price changes of complementary or substitute goods impact the demand for a specific product.

Price of Related Goods

500

Which of the following factors can shift the demand curve?

Consumer income

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