SL 151
Bremmer
Suggested Homework Assignment #4 - - Chapter 3
The Demand Curve
1. Which of the following variables is not held constant along the demand curve for X?
A.
the price of good B, a complement
B.
the price of good C, a substitute
C.
the price of good X
D.
consumer income
2. Which of the graphs in Figure 1 depicts the effect of a decrease in population on the demand for apartments
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
3. Assume that consumers expect the price of stereos to increase in the near future. Which of the graphs in Figure 1 depicts the effect of this phenomenon on the current demand for stereos?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
4. Which of the graphs in Figure 1 depicts the effect of an increase in gasoline prices on the demand for gasoline?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
5. McDonald's has just begun a massive, effective, new advertising program. Which of the graphs in Figure 1 depicts the effect of this advertising on the demand for McDonald's burgers?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
6. Suppose that hamburger meat is an inferior good. Which of the graphs in Figure 1 depicts the effect of an increase in income on the demand for hamburger meat?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
7. Suppose that cabbage and lettuce are substitutes. Which of the graphs in Figure 1 depicts the effect of a decrease in the price of lettuce on the demand for cabbage?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
8. Assume that a compact disc player is a normal good. Which of the graphs in Figure 1 depicts the effect of an increase in income on the demand for compact disk players?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
9. Which of the graphs in Figure 1 depicts the effect of a decrease in the price of pizza on the demand curve for pizza?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
10. Assume that potato chips and root beer are compliments. Which of the graphs in Figure 1 depicts the effect of a promotional discount that decrease the price of potato chips on the demand for root beer?
A.
Graph A
B.
Graph B
C.
Graph C
D.
Graph D
Score =
Correct answers:
