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Matching Post Quiz
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Please match the correct answers below.
1


causes an increase in demand.

2


consumers will shift consumption from good X to good Y when the price of good X increases.

3


results from the summing up of the individual demands at each price of all consumers in the market.

4


a graphical representation of the negative relationship between price and the number of units consumers are willing to buy.

5


determinants of both supply and demand.

6


states that when price decreases, buyers tend to buy more.

7


consumers will buy less of good X when the price of good X increases because the increase in the price of good X makes the consumer relatively poorer.

8


causes a leftward shift of the demand curve.

9


causes a movement along the demand curve.

10


causes the supply curve to shift to the left.

11


can be determined by the market forces of supply and demand.

12


shows the number of units that producers are willing to sell at each price.

13


where the supply and demand curves cross.

14


occurs when supply falls, all other things held constant.

15


occurs when demand falls, all other things held constant.

Answer choices for questions 1 through 15
A)market demand
B)income effect
C)decrease in average income
D)increase in the size of the market
E)what, how, for whom
F)substitution effect
G)increase in the cost of production
H)law of downward-sloping demand
I)demand curve
J)market equilibrium
K)prices of related goods
L)change in the price of a good
M)supply curve
N)equilibrium price increases, equilibrium quantity decreases
O)equilibrium price and quantity both decrease





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