Chapter 4 /The Market Forces of Supply and Demand ? 227
26. Refer to Table 4-1. If these are the only four buyers in the market, then when the price increases from $1.00
to $1.50, the market quantity demanded a. decreases by 1.75 units. b. increases by 2 units. c. decreases by 7 units. d. decreases by 24 units.
ANS: C
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Market demand
27. Refer to Table 4-1. For whom is the good a normal good?
a. Aaron b. Austin
c. all of the four demanders
d. This cannot be determined from the table.
ANS: D
NAT: Analytic MSC: ApplicativeTable 4-2
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Normal goods
Price $12 $10 $8 $6 $4 $2 Audrey’s Quantity Demanded 2 4 6 8 10 12 Bob’s Quantity Demanded 1 4 7 8 9 10 Chuck’s Quantity Demanded 3 4 5 4 3 2 Dottie’s Quantity Demanded 4 5 6 7 8 9 28. Refer to Table 4-2. Whose demand does not obey the law of demand?
a. Audrey’s b. Bob’s c. Chuck’s d. Dottie’s
ANS: C
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Law of demand
29. Refer to Table 4-2. If these are the only four buyers in the market, then the market quantity demanded at a
price of $8 is a. 4 units. b. 6 units. c. 24 units. d. 32 units.
ANS: C
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Market demand
30. Refer to Table 4-2. If these are the only four buyers in the market, then when the price decreases from $6 to
$4, the market quantity demanded a. increases by 0.75 units. b. increases by 3 units. c. increases by 8 units. d. decreases by 27 units.
ANS: B
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Market demand
228 ? Chapter 4 /The Market Forces of Supply and Demand Figure 4-1
2018161412108642D246810121416quantity5101520 priceConsumer 1
30272421181512963 Consumer 2 priceD25303540quantity
31. Refer to Figure 4-1. If these are the only two consumers in the market, then the market quantity demanded
at a price of $6 is a. 12 units. b. 14 units. c. 19 units. d. 21 units.
ANS: C
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Market demand
32. When we move along a given demand curve,
a. only price is held constant.
b. income and price are held constant.
c. all nonprice determinants of demand are held constant. d. all determinants of quantity demanded are held constant.
ANS: C
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
33. Once the demand curve for a product or service is drawn, it
a. remains stable over time.
b. can shift either rightward or leftward.
c. is possible to move along the curve, but the curve will not shift. d. tends to become steeper over time.
ANS: B
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
34. If something happens to alter the quantity demanded at any given price, then
a. the demand curve becomes steeper. b. the demand curve becomes flatter. c. the demand curve shifts.
d. we move along the demand curve.
ANS: C
NAT: Analytic MSC: Definitional
DIF: 1 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
Chapter 4 /The Market Forces of Supply and Demand ? 229
35. When quantity demanded decreases at every possible price, we know that the demand curve has
a. shifted to the left. b. shifted to the right.
c. not shifted; rather, we have moved along the demand curve to a new point on the same curve. d. not shifted; rather, the demand curve has become flatter.
ANS: A
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
36. When quantity demanded increases at every possible price, we know that the demand curve has
a. shifted to the left. b. shifted to the right.
c. not shifted; rather, we have moved along the demand curve to a new point on the same curve. d. not shifted; rather, the demand curve has become steeper.
ANS: B
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
37. An increase in demand is represented by
a. a movement downward and to the right along a demand curve. b. a movement upward and to the left along a demand curve. c. a rightward shift of a demand curve. d. a leftward shift of a demand curve.
ANS: C
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
38. A decrease in demand is represented by
a. a movement downward and to the right along a demand curve. b. a movement upward and to the left along a demand curve. c. a rightward shift of a demand curve. d. a leftward shift of a demand curve.
ANS: D
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
39. An increase in quantity demanded
a. results in a movement downward and to the right along a fixed demand curve. b. results in a movement upward and to the left along a fixed demand curve. c. shifts the demand curve to the left. d. shifts the demand curve to the right.
ANS: A
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
40. A decrease in quantity demanded
a. results in a movement downward and to the right along a fixed demand curve. b. results in a movement upward and to the left along a fixed demand curve. c. shifts the demand curve to the left. d. shifts the demand curve to the right.
ANS: B
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
230 ? Chapter 4 /The Market Forces of Supply and Demand 41. A leftward shift of a demand curve is called
a. an increase in demand. b. a decrease in demand.
c. a decrease in quantity demanded. d. an increase in quantity demanded.
ANS: B
NAT: Analytic DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
MSC: Interpretive
42. A rightward shift of a demand curve is called
a. an increase in demand. b.a decrease in demand.
c. a decrease in quantity demanded. d.an increase in quantity demanded.
ANS: A
DIF: 2 REF: 4-2 NAT: Analytic LOC: Supply and demand
TOP: MSC: Interpretive
43. A movement upward and to the left along a demand curve is called
a. an increase in demand. b. a decrease in demand.
c. a decrease in quantity demanded. d. an increase in quantity demanded.
ANS: C
DIF: 2 REF: 4-2 NAT: Analytic LOC: Supply and demand
TOP: MSC: Interpretive
44. A movement downward and to the right along a demand curve is called
a. an increase in demand. b. a decrease in demand.
c. a decrease in quantity demanded. d.an increase in quantity demanded.
ANS: D
DIF: 2 REF: 4-2 NAT: Analytic LOC: Supply and demand
TOP: MSC: Interpretive
45. An increase in the price of a good will
a. increase demand. b.decrease demand.
c. increase quantity demanded. d. decrease quantity demanded.
ANS: D
DIF: 2 REF: 4-2 NAT: Analytic LOC: Supply and demand
TOP: MSC: Interpretive
46. A decrease in the price of a good will
a. increase demand. b. decrease demand.
c.increase quantity demanded. d. decrease quantity demanded.
ANS: C
DIF: 2 REF: 4-2 NAT: Analytic LOC: Supply and demand
TOP: MSC: Interpretive
Demand curve
Demand curve
Demand curve
Demand curve
Demand curve
Chapter 4 /The Market Forces of Supply and Demand ? 231
47. When the price of a good or service changes,
a. the supply curve shifts in the opposite direction. b. the demand curve shifts in the opposite direction. c. the demand curve shifts in the same direction. d. there is a movement along a given demand curve.
ANS: D
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
48. The demand curve for hot dogs
a. shifts when the price of hot dogs changes because the price of hot dogs is measured on the vertical
axis of the graph.
b. shifts when the price of hot dogs changes because the quantity demanded of hot dogs is measured
on the horizontal axis of the graph.
c. does not shift when the price of hot dogs changes because the price of hot dogs is measured on the
vertical axis of the graph.
d. does not shift when the price of hot dogs changes because the quantity demanded of hot dogs is
measured on the horizontal axis of the graph.
ANS: C
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
49. Which of the following changes would not shift the demand curve for a good or service?
a. a change in income
b. a change in the price of the good or service
c. a change in expectations about the future price of the good or service d. a change in the price of a related good or service
ANS: B
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
50. Which of the following would not shift the demand curve for mp3 players?
a. a decrease in the price of mp3 players
b. a fad that makes mp3 players more popular among 12-25 year olds c. an increase in the price of CDs, a complement for mp3 players
d. a decrease in the price of satellite radio, a substitute for mp3 players
ANS: A
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
51. Which of the following events would cause a movement upward and to the left along the demand curve for
olives?
a. The number of buyers of olives decreases.
b. Consumer income decreases, and olives are a normal good.
c. The price of pickles decreases, and pickles are a substitute for olives. d. The price of olives rises.
ANS: D
NAT: Analytic MSC: Applicative
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
52. A movement along the demand curve might be caused by a change in
a. income.
b. the prices of substitutes or complements. c. expectations about future prices.
d. the price of the good or service that is being demanded.
ANS: D
NAT: Analytic MSC: Interpretive
DIF: 2 REF: 4-2 LOC: Supply and demand
TOP: Demand curve
百度搜索“77cn”或“免费范文网”即可找到本站免费阅读全部范文。收藏本站方便下次阅读，免费范文网，提供经典小说综合文库经济学原理 微观 第五版测试题库(04)(6)在线全文阅读。
相关推荐：