Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank 1. normal good 2. an increase 3. left 4. movement along 5. a decrease 6. demand shifter 7. nght 8. inferior 9. shift 10. change in price A change in preferences that makes one good or service more popular will shifft the demand curve to the A change that makes it less popular will shift the demand curve to the When the price of dunking doughnuts reduces, the demand cur curve for their coffee will shift If price of tea decreases, then the demand curve for coffee will shift For complement goods a decrease in price of one good leads to in the demand for another while for substitutes a reduction in price of one good leads to in the demand for the other If the price of Tennis rackets falls the demand curve for tennis balls will shift If the price of Burger King reduces the demand curve for McDonalds will shift A good for which demand increases when income uncreases is called a good. A good for which demand decreases when income increases is called an good. A decrease in income shifts the demand curve for fresh fruit (a normal good) to the it shifts the demand curve for canned fruit (an inferior good) to the A change in quantity demanded, which is a the demand curve caused by a a change in demand, implies a of the demand curve itself and is caused by a change in a An increase in demand is a shift of the demand curve to the A decrease in demand is a shift in the demand curve to the
Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank 1. normal good 2. an increase 3. left 4. movement along 5. a decrease 6. demand shifter 7. nght 8. inferior 9. shift 10. change in price A change in preferences that makes one good or service more popular will shifft the demand curve to the A change that makes it less popular will shift the demand curve to the When the price of dunking doughnuts reduces, the demand cur curve for their coffee will shift If price of tea decreases, then the demand curve for coffee will shift For complement goods a decrease in price of one good leads to in the demand for another while for substitutes a reduction in price of one good leads to in the demand for the other If the price of Tennis rackets falls the demand curve for tennis balls will shift If the price of Burger King reduces the demand curve for McDonalds will shift A good for which demand increases when income uncreases is called a good. A good for which demand decreases when income increases is called an good. A decrease in income shifts the demand curve for fresh fruit (a normal good) to the it shifts the demand curve for canned fruit (an inferior good) to the A change in quantity demanded, which is a the demand curve caused by a a change in demand, implies a of the demand curve itself and is caused by a change in a An increase in demand is a shift of the demand curve to the A decrease in demand is a shift in the demand curve to the
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank
1. normal good
2. an increase
3. left
4. movement along
5. a decrease
6. demand shifter
7. right
8. inferior
9. shift
10. change in price
A change in preferences that makes one good or service more popular will shift the demand curve to the
A change that makes it less popular will shift the demand curve
to the
When the price of dunking doughnuts reduces, the demand curve for their coffee will shift
If price of tea decreases, then the
demand curve for coffee will shift
For complement goods a decrease in price of one good leads to
in the demand for another while for
substitutes a reduction in price of one good leads to
in the demand for the other. If the price of Tennis rackets falls the demand curve for tennis balls will shift
If the price of Burger King reduces the demand curve for McDonalds will shift
A good for which demand increases when income
increases is called a
good. A good for which demand decreases when income increases is called an
good. A decrease in income shifts the
demand curve for fresh fruit (a normal good) to the
; it shifts the demand curve for canned fruit (an inferior good) to the
A change in
the demand curve caused by a
a change in demand, implies a
of the
quantity demanded, which is a
demand curve itself and is caused by a change in a
An increase in demand is a shift of the demand curve to the
A decrease in demand is
a shift in the demand curve to the
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