Demand Shifts and Applications — Practice Set 2

If instant noodles are an inferior good, a recession that lowers incomes will:

A successful advertising campaign for a brand of sneakers will most likely:

Two demand shifters move at once: incomes rise (good is normal) and the price of a substitute falls. The net effect on demand is:

Which of the following is most likely to have the least elastic short-run demand?

If the price of a good falls and total consumer spending on it rises, demand is:

A per-unit tax on buyers shifts:

Market demand for a good is the:

A rise in the price of sugar (an input to candy) affects the candy market by:

Which event would decrease the demand for new cars?

An inferior good can become a normal good for a consumer if: