ECON 101 Lecture 10: Note Sep 23, 2016

both a demand curve and a demand schedule show how

a. prices affect consumer demand.
b. consumer demand affects income.
c. prices affect complementary goods.
d. consumer demand affects substitute goods.

In what way is consumer demand different from consumer wants?
A) Demand is only for necessities.
B) Demand is only for luxuries.
C) Demand takes into account the ability to pay.
D) Consumer wants are only for luxuries.
E) Consumer wants are only for necessities.

A demand curve shows how changes in:

a. consumer demand affects income.
b. prices affect consumer demand.
c. prices affect complementary goods.
d. consumer demand affects substitute goods.