Team 1
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Team 2
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Teams
Name
Score
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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
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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
×
thief
Give points!
5
10
15
20
25
×
gift
Win 20 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
×
seesaw
Swap points!
Oops!
×
magnet
Take 20 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 10 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 production cost" will NOT cause a change in the demand for a good
True: it will change supply, not demand!
Oops!
Check
Okay!
Check
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
×
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
Oops!
Check
Okay!
Check
×
eraser
Reset score!
Oops!
×
magnet
Take 25 points!
Okay!
×
gift
Win 15 points!
Okay!
×
baam
Lose 20 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
Oops!
Check
Okay!
Check
×
lifesaver
Give 5 points!
Oops!
×
shark
Other team loses 25 points!
Okay!
×
rocket
Go to first place!
Okay!
×
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
×
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
×
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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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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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
×
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