Demand and Supply Analysis: Chose the letter that best describe the items given below.

A. B. C. D.

1. From the above illustration, which of them describes:

change in the number of demand ___D___

2. demand for kilos of meat __A__

3. that P and QD have what relationship? __C__

4. change in the number of supply __A__

5. negatively sloping curves that represents demand __C__

6. it is positively sloping to the right which means as the price increases, sellers would make
available increase number of supply ___D___

7 Change in quantity demanded from 3 to 6 A

8. A seller’s decision to venture into another type of goods B

9. A buyer’s decision to try other products instead of the usual product that they used B

10. Increase in the family income D

11. Decrease in supply due to decrease in price C

12. a change of coffee brand by Smith family A

13. from 5 kilos to 7 kilos of rice for Pineda Family B

14. increase in demand brought about by increase in population C

15. Introduction of new goods as substitute B

16. shift of the entire schedule higher than the old schedule C
17. ​Decrease number of quantity demanded because of the increase in price. A
18. Government imposed import duties of a commodity. A
19. Increase in consumers’ salary. B
20. Increase of producers in the market. D
21. Increase in the price of raw materials influencing production. C
22. Increase of consumers in the market. C
23. Alteration in supply. B
24. Change in quantity supplied. A
25. Alteration in demand. C
26. Change in quantity demanded. B