Team 1
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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 watch sports news during the Olympic Games."
Yes - more people demand sports news at all given prices
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)
Oops!
Check
Okay!
Check
×
boom
Lose 50 points!
Oops!
×
rocket
Go to first place!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 25 points!
Oops!
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!
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
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
×
heart
Other team wins 25 points!
Oops!
×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
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.
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Okay!
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×
banana
Go to last place!
Oops!
×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 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
×
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
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
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
Oops!
Check
Okay!
Check
×
heart
Other team wins 5 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
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!
Check
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
×
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