Other factors affecting demand
Answers are for parents and teachers.
1
Write which way the demand curve shifts in each case: a) summer arrives (ice cream); b) the population falls (bread); c) a rise in chocolate prices is expected.
a) right; b) left; c) right.
2
Give one example of your own of an inferior good and explain why it is one.
Sample: old, cheap models of phone: when income rises, people switch to a new one.
3
The number of buyers rose from 8 000 to 9 500. By how many people?
1500
4
If 140 notebooks at 4 500 so‘m each are sold in a day, what is the revenue in so‘m?
630000
5
Why can a price change of one good change demand for another? Explain with your own example.
Because the goods are related: if one gets dearer, demand for its substitute rises and demand for its complement falls. For example, if watercolour paints get dearer, demand for the brushes used with them may fall.