Question :
21) Which of the following factors will NOT cause a : 1377323
21) Which of the following factors will NOT cause a shift in the demand for a good?
A) A change in consumer incomes
B) A change in tastes and preferences
C) A change in the number of consumers
D) A change in the market price of the good
22) An increase in the demand for a good is represented by:
A) a left shift to a new demand curve.
B) a right shift to a new demand curve.
C) a leftward movement along the demand curve.
D) a rightward movement along the demand curve.
23) Two goods are said to be substitutes when a fall in the price of one good:
A) leads to a rise in the price of the other good.
B) doesn’t affect the demand for the other good.
C) leads to a left shift in the demand for the other good.
D) leads to a right shift in the demand for the other good.
24) Which of the following pairs of goods are likely to be considered substitutes?
A) Coffee and sugar
B) Printers and printing ink
C) A Ford car and public transportation
D) A Nokia cell phone and a Nokia cell phone charger
25) Two goods are said to be complements when a fall in the price of one good:
A) leads to a fall in price of the other good.
B) doesn’t affect the demand for the other good.
C) leads to a left shift in the demand for the other good.
D) leads to a right shift in the demand for the other good.
26) Which of the following pairs of goods are likely to be considered complements?
A) Pens and writing pads
B) Laptops and electric heaters
C) Motorcycles and typewriters
D) Nokia and Samsung cell phones
27) Which of the following factors is likely to lead to an increase in the quantity demanded of pens?
A) A fall in the price of pens
B) A fall in the price of paper
C) A rise in the incomes of all consumers
D) A fall in the incomes of all consumers
28) Which of the following factors is expected to cause the demand curve for coffee to shift to the right?
A) A fall in the manufacturing cost of coffee
B) A higher tax on the sale of tea, a substitute for coffee
C) A higher personal tax on the income of all consumers
D) An increase in the supply of coffee due to better weather
29) Assume that the economy is in a recession and consumers are expecting a fall in their income levels. This will cause a(n):
A) left shift in the market demand for all goods.
B) right shift in the market demand for all goods.
C) increase in the total quantity demanded of all goods.
D) decrease in the total quantity demanded of all goods.
30) Which of the following is likely to cause the demand curve for cars to shift to the left?
A) A rise in the price of gasoline
B) An increase in the economy’s national income
C) An increase in the cost of production leading to an increase in the price of cars
D) A rise in the price of cars
31) Which of the following is likely to shift the market demand curve for school textbooks to the right?
A) An increase in school tuition fees
B) A fall in the price of school textbooks
C) A fall in the total income of all consumers
D) An increase in the enrollment rates in high schools
