Which of the following best reflects an increase in quantity demanded and not an increase in demand?
A.A college expects enrollment to increase, despite no change in the tuition.
B.Skiing becomes a fashionable winter sports activity.
C.The price of hair styling falls.
D.Consumers expect lower prices next month for computers.
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A change in which of the following shifts the demand curve?
A.the number of sellers in the market
B.the price of the resources used to produce the product
C.the technology with which the product is produced
D.the tastes and preferences of consumers
If shoes rise in price, the demand curve for shoes ( ) and the quantity of shoes demanded ( ).
A.shifts leftward; decreases
B.shifts leftward; does not change
C.does not shift; decreases
D.does not shift; does not change
Which of the following lists has variables that all shift a good's demand curve?
A.price of the good, preferences, prices of substitution goods, income
B.income, preferences, number of buyers, price of complementary good
C.expectation of future price, price of the good, number of buyers, income
D.Both answers A and B are correct.
If a decrease in the price of gasoline increases the demand for large cars, then
A.gasoline and large cars are substitutes in consumption.
B.gasoline and large cars are complements in consumption.
C.gasoline is an inferior good.
D.large cars are an inferior good.
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