Practice - Shifts in the Demand Curve
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Practice Questions
Test your understanding with targeted questions
What happens to the demand for normal goods when income increases?
💡 Hint: Think about what happens to your choices when you have more money.
Define inferior goods.
💡 Hint: Consider which cheap alternatives people abandon when they have more money.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What happens to the demand curve for normal goods as consumer income rises?
💡 Hint: Consider how you would spend more money on your favorite products.
True or False: An increase in the price of a substitute decreases its demand.
💡 Hint: Think about how you might react if your favorite snack’s price goes up.
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Challenge Problems
Push your limits with advanced challenges
Suppose a consumer's income rises significantly. Evaluate the potential shifts in demand for both luxury and inferior goods.
💡 Hint: Consider how people react to increased wealth when choosing items.
Analyze the impact of a trending health report linking fries to health risks. Predict how this will affect the demand curve for fries.
💡 Hint: Think of similar past occurrences in food trends.
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