Question 1 (1 point)

When the price of a good increases, what occurs to the quantity demanded?

Question 1 options:

a)	The quantity demanded decreases.

b)	The quantity demanded increases.

c)	The quantity demanded stays the same.

Question 2 (1 point)

When the price of Apple computers goes down, what probably happens to the demand for Windows-based computers?

Question 2 options:

a)	The demand for Windows-based computers increases.

b)	The demand for Windows-based computers decreases.

c)	A change in the price of Apple computers has no effect on the demand for Windows-based computers.

Question 3 (1 point)

When the price of olive oil goes up, what probably happens to the demand for corn oil?

Question 3 options:

a)	The demand for corn oil increases.

b)	The demand for corn oil decreases.

c)	A change in the price of olive oil has no effect on the demand for corn oil.

Question 4 (1 point)

If everyone thinks the price of tomatoes will go up next week, what is likely to happen to demand for tomatoes today?

Question 4 options:

a)	The demand for tomatoes increases.

b)	The demand for tomatoes decreases.

c)	Expectations about the price of tomatoes do not affect the demand for tomatoes today.