Question : 31) Changes in which of the following factors do NOT : 1228202

31) Changes in which of the following factors do NOT shift the demand curve?

A) the price of the good

B) buyers’ incomes

C) the price of a substitute good

D) the number of buyers

E) the price expected in the future

32) If the demand for used cars decreases after the price of a new car falls, used cars and new cars are

A) inferior goods.

B) substitute goods.

C) complementary goods.

D) normal goods.

E) The questions errs because it is the quantity of used cars, NOT the demand for used cars, that will change when the price of a new car falls.

33) Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the

A) demand for Dell computers increases.

B) demand for Apple computers increases.

C) demand for Apple computers decreases.

D) supply of Dell computers increases.

E) demand for Dell computers decreases.

34) Which of the following increases the demand for a good or service?

A) a fall in the price of the good or service

B) a smaller number of consumers wanting to buy the good or service

C) a rise in the price of the good or service

D) a rise in the price of a substitute good or service

E) a rise in the price of a complement

35) Consider the market for smart phones. Which of the following shifts the demand curve rightward?

A) an increase in the price of smart phones

B) a decrease in the price of smart phones

C) an increase in the price of land-line phone service, a substitute for smart phones

D) a decrease in the number of smart phone buyers

E) an increase in the supply of smart phones.

36) Which of the following shifts the demand curve for movies rightward?

A) an increase in the price of NetFlix, a substitute for movies

B) an increase in the price of movie tickets

C) a decrease in the price of move tickets

D) an increase in movie star salaries

E) an increase in the price of HDTV sets

37) Which of the following shifts the demand curve for movies leftward?

A) a decrease in the price of NetFlix, a substitute for movies

B) a decrease in the price of movie tickets

C) an increase in the price of movie tickets

D) an increase in movie star salaries

E) an increase in incomes, assuming movies are a normal good

38) Two brands of water, Natural Water and Mountain Water, are close substitutes. If the price of Mountain Water decreases, the fall in price

A) shifts the demand curve for Natural Water rightward.

B) shifts the demand curve for Natural Water leftward.

C) increases the price of Natural Water.

D) increases the demand for Mountain Water.

E) More information is needed to determine if the demand curve for Natural Water shifts rightward or leftward.

39) Car insurance and cars are complements. If the price of car insurance increases, the

A) demand for cars decreases.

B) demand for cars increases.

C) quantity of cars demanded decreases.

D) quantity of cars demanded increases.

E) More information is needed to determine if the demand increases or decreases.

40) Consumers eat salsa with taco chips. The price of salsa rises. How does the increase in the price of salsa affect the demand for taco chips?

A) It decreases the demand for taco chips.

B) It increases the demand for taco chips.

C) It has no effect on the demand for taco chips.

D) It will decrease the demand for taco chips only if taco chips are a normal good.

E) It could increase, decrease, or have no effect on the demand for taco chips, but more information is needed to determine the impact.