Distinguish Between Factors That Cause Shift In Demand And Supply Curves - SS2 Economics Past Questions and Answers - page 1
1
Which of the following factors can cause a shift in the demand curve?
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A
A change in the price of a substitute good
B
A change in the price of the product
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C
A change in consumer income
D
A change in production costs
2
Which of the following factors can cause a movement along the supply curve?
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A
A change in technology
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B
A change in the number of producers
C
A change in input prices
D
A change in the price of the product
3
An increase in the elderly population can lead to an increase in the demand for which of the following?
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A
Healthcare services
B
Fast food
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C
Luxury goods
D
Alcoholic beverages
4
Which of the following is an example of a government policy that can affect the demand for a product?
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A
A change in technology
B
A change in consumer preferences
C
A tax on cigarettes
D
A change in the price of a substitute good
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5
A change in production costs can cause a movement along which of the following curves?
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A
Demand curve
B
Supply curve
C
Both demand and supply curves
D
None of the above
6
Which of the following factors can cause a decrease in the demand for a normal good?
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A
An increase in consumer income
B
A decrease in the price of a complementary good
C
A change in consumer preferences
D
An increase in the price of the product
8
What causes a movement along the supply curve?
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