Shifts in Demand Worksheet
An 11th-grade economics worksheet focusing on understanding the factors that cause shifts in demand and their impact on market equilibrium.
Includes
Topics
Shifts in Demand Worksheet
Name:
Date:
Score:
Read each question carefully and provide thoughtful answers. This worksheet will assess your understanding of factors that cause shifts in demand.
1. Which of the following would NOT cause a shift in the demand curve for a product?
A change in consumer income
A change in the price of the product itself
A change in consumer tastes and preferences
A change in the price of a substitute good
2. An increase in the price of beef leads to an increase in the demand for chicken. In this scenario, beef and chicken are considered:
Complementary goods
Inferior goods
Substitute goods
Normal goods
3. A shift in the demand curve to the right indicates an in demand.
4. If consumers expect the price of a good to increase in the future, current demand for that good will .
5. Goods for which demand increases as consumer income increases are called goods.
6. A decrease in the number of buyers in a market will cause the demand curve to shift to the left.
True
False
7. A positive change in consumer tastes and preferences for a product will lead to a movement along the demand curve, not a shift.
True
False
8. Explain the difference between a change in quantity demanded and a shift in demand. Give an example of each.
9. Identify and briefly describe three non-price determinants of demand.
10. For each scenario below, determine whether the demand curve for Product X will shift to the left, shift to the right, or remain unchanged. Explain your reasoning.
a) A major advertising campaign successfully increases the popularity of Product X.
b) The government imposes a new tax on the production of Product X.
c) The price of Product Y, a complement to Product X, decreases significantly.