Demand Questions
A core belief that impacts our life and is important to us.
A value.
A Compromise
A disagreement or argument, often resulting from a opposition in values.
A conflict.
Name the most obvious flow-on effect of an increase in the demand for cars.
What is the reason for the negative slope of the demand curve?
The law of demand.
Corey demonstrates this value when he purchases a reuseable water bottle instead of a plastic water bottle.
What is Kaitiakitanga.
Ali could buy the cage-free/free run eggs.
Goods that are often consumed together
What are complementary goods?
Give one example why the demand curve for Nike shoes may shift to the left.
Suitable example: Income decreases, income tax increases, tastes change to favour crocs etc
The law of demand states that when price increases so does this.
What is quantity supplied?
Alex demonstrates this value when he decides to get a part time job on weekends to have some extra cash.
What is Financial independence?
What is Mr. Robb most likely to spend his money on if he values his family?
A new set of golf clubs? A new phone?
A new ps5 with 4 controllers
A new ps5 with 4 controllers
Goods that can be consumed instead of each other.
What are substitutes?
What is the effect of a reduction in income tax on your demand for cheap discount beans.
What is a decrease in demand for cheap discount beans.
If the price of milk increases then the demand for oreos will do this.
What is decrease?
Alba demonstrates this value when she does not steal goods from the store, even though their price = 0.
Integrity.
Which one of these is not a values?
Integrity, Honesty, value for teamwork, value for instagram
The income that is left over when taxes are subtracted.
What is disposable income.
TALL refers to these words when creating a graph.
What are:
Title , Axis, Lable, and Line ?
The demand for umbrellas shifts this direction when consumers here there will be a storm.
Mr. Robb demonstrates this value when he creates a jeopardy instead of assigning more textbook questions the students have already done.
Value for education/ fun education.
After an _______ in income tax, demand for normal goods will increase.
Decrease
The indirect effects throughout the economy from a given change.
What is a flow on effect?
a flow on effect of increased demand for chocolate.
What are:
Increased health problems or Increased dental spending?
Max's friends name.
Who is Solveig?