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Team 2
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Teams
Name
Score
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15
×
Does the following situation increase demand? "More people shop at a department store after it gives out coupons to their customers."
No - a coupon changes the price, which changes quantity demanded
Oops!
Check
Okay!
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15
×
TVB reports โbreaking newsโ that Samsungโs Galaxy phones may explode when the batteries overheat. Will demand or quantity demanded change?
Demand changes - fewer people Samsung Galaxy phones at all given prices
Oops!
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Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
lifesaver
Give 25 points!
Oops!
20
×
Apple launches a sales campaign offering discounts for the iPhone 13. Describe what happens to the demand curve for iPhone 13.
This is an increase in quantity demanded for iPhone 13, so there is an upward movement along the demand curve.
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 20 points!
Oops!
20
×
What are TWO factors that might increase the demand of iPhone 13 in HK?
Increase in income, increase in population, bad publicity of competitor products
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Okay!
Check
15
×
True or false: "A drop in the popularity of the good" willย NOT cause a change in the demand for a good
False: it changes demand
Oops!
Check
Okay!
Check
15
×
Does the following situation increase demand? "More people buy computers during a sales campaign."
No - a sales campaign changes the price, which changes quantity demanded
Oops!
Check
Okay!
Check
×
monster
Reset all scores!
Oops!
×
magnet
Take 15 points!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
thief
Give points!
5
10
15
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25
15
×
True or false: "a drop in production cost" will NOT cause a change in the demand for a good
True: it will change supply, not demand!
Oops!
Check
Okay!
Check
20
×
More people emigrate out of Hong Kong to foreign countries. Describe what happens to the demand curve for rice in HK.
The demand curve shifts to the left (since demand decreases)
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Okay!
Check
15
×
True or false: "an increase in consumersโ purchasing power" will NOT cause a change in the demand for a good
False: it does change demand
Oops!
Check
Okay!
Check
15
×
True or false: "an increase in its market price" will NOT cause a change in the demand for a good
True: it changes quantity demanded
Oops!
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
star
Double points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 15 points!
Oops!
15
×
Does the following situation increase demand? "More people dine at a restaurant because of the discounts it offers."
No - a discount changes the price, which changes quantity demanded
Oops!
Check
Okay!
Check
15
×
Does the following situation increase demand? "More people watch sports news during the Olympic Games."
Yes - more people demand sports news at all given prices
Oops!
Check
Okay!
Check
×
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