Which of the following will cause the demand curve for product a to shift to the left?

1.

An increase in the price of a product will reduce the amount of it purchased because:

A.

supply curves are upsloping.

B.

the higher price means that real incomes have risen.

C.

consumers will substitute other products for the one whose price has risen.

D.

consumers substitute relatively high-priced for relatively low-priced products.

2.

Which of the following will not cause the demand for product K to change?

A.

a change in the price of close-substitute product J

B.

an increase in consumer incomes

C.

a change in the price of K

D.

a change in consumer tastes

3.

Which of the following would not shift the demand curve for beef?

A.

a widely publicized study which indicates beef increases one's cholesterol

B.

a reduction in the price of cattle feed

C.

an effective advertising campaign by pork producers

D.

a change in the incomes of beef consumers

4.

If the price of K declines, the demand curve for the complementary product J will:

5.

A firm's supply curve is upsloping because:

A.

the expansion of production necessitates the use of qualitatively superior inputs.

B.

mass production economies are associated with larger levels of output.

C.

consumers envision a positive relationship between price and quality.

D.

beyond some point the production costs of additional units of output will rise.

6.

Which of the following will cause the demand curve for product a to shift to the left?

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Refer to the above diagram. The equilibrium price and quantity in this market will be:

7.

Which of the following will cause the demand curve for product a to shift to the left?

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Refer to the above diagram. A price of $20 in this market will result in:

B.

a shortage of 50 units.

C.

a surplus of 50 units.

D.

a surplus of 100 units.

E.

a shortage of 100 units.

8.

Which of the following will cause the demand curve for product a to shift to the left?

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Which of the above diagrams illustrate(s) the effect of a decrease in incomes upon the market for secondhand clothing?

9.

Which of the following will cause the demand curve for product a to shift to the left?

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Which of the above diagrams illustrate(s) the effect of a governmental subsidy on the market for AIDS research?

10.

An effective ceiling price will:

A.

induce new firms to enter the industry.

B.

result in a product surplus.

C.

result in a product shortage.

Which of the following will cause the demand curve for product a to shift to the left?
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Which of the following will cause a demand curve to shift to the left?

Shifting the Aggregate Demand Curve The aggregate demand curve tends to shift to the left when total consumer spending declines. 2 Consumers might spend less because the cost of living is rising or because government taxes have increased.

Which of the following would cause the demand curve for a product to shift to the right today?

Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.

Which of the following will cause the demand curve for product A to shift to the?

Answer and Explanation: Option B. ( an increase in money income if A is an inferior good) is correct. This is a correct option because when a product tends to be a inferior good, the demand of that product falls with the rise in money income.

What are 3 things that will cause the demand curve to shift?

Other factors that shift demand curves.
Changing tastes or preferences..
Changes in the composition of the population..
Related goods..
Changes in expectations about future prices or other factors that affect demand..