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 buy computers during a sales campaign."
No - a sales campaign changes the price, which changes quantity demanded
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Okay!
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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!
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15
×
TVB reports “breaking news” that Samsung’s 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
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Okay!
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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!
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×
baam
Lose 5 points!
Oops!
×
magnet
Take 10 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
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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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!
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Okay!
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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
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Okay!
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×
heart
Other team wins 20 points!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
baam
Lose 25 points!
Oops!
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!
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×
eraser
Reset score!
Oops!
×
star
Double points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 25 points!
Oops!
15
×
True or false: "an increase in consumers’ purchasing power" will NOT cause a change in the demand for a good
False: it does change demand
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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!
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Okay!
Check
15
×
True or false: "A drop in the popularity of the good" will NOT cause a change in the demand for a good
False: it changes 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
×
boom
Lose 50 points!
Oops!
×
shark
Other team loses 10 points!
Okay!
×
gift
Win 20 points!
Okay!
×
banana
Go to last place!
Oops!
×
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