Factors Leading to a Change in Demand (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does demand refer to in economics?
What does demand refer to in economics?
Quantity consumers are willing & able to buy
What happens to quantity demanded when price increases, ceteris paribus?
What happens to quantity demanded when price increases, ceteris paribus?
Quantity demanded falls
What causes a movement along the demand curve rather than a shift?
What causes a movement along the demand curve rather than a shift?
Changes in the product's own price
If the price of a substitute good falls, what happens to demand for the original product?
If the price of a substitute good falls, what happens to demand for the original product?
Demand decreases (leftward shift)
How does a fall in complement prices affect demand for the original product?
How does a fall in complement prices affect demand for the original product?
Demand increases (rightward shift)
What are inferior goods?
What are inferior goods?
Goods with falling demand when incomes rise
How much did Sky spend on advertising in 2013 as the leading UK advertiser?
How much did Sky spend on advertising in 2013 as the leading UK advertiser?
Over £264 million
Since 2005, Eastern European migration to the UK created demand for what?
Since 2005, Eastern European migration to the UK created demand for what?
Polish food shops
By what percentage did UK bicycle journeys increase by 2013 following cycling success?
By what percentage did UK bicycle journeys increase by 2013 following cycling success?
7%
What does 'ceteris paribus' mean in demand analysis?
What does 'ceteris paribus' mean in demand analysis?
All other things being equal/constant