Crowdly

What effect does the price of the ice-cream have on the supply for it?

An increase in the price will cause the quantity supplied to increase

All of these options

There is a positive relationship

There is an increasing relationship

Stacey is willing to sell 25 scoops of ice-cream at what price?

R30

R28

R32

R25

How many scoops of ice-cream is Stacey willing to sell at R32 each?

100

Which of the following products would the Law of Demand not apply to?

A takeaway burger from Steers

Clothing

A car

Beta Blockers – medication to prevent lethal heart attacks in people with high blood pressure

A demand curve is:

A graph showing the relationship between the price of a product and the quantity of that product demanded

Both of these options

A table showing the relationship between the price of a product and the quantity of that product demanded

Neither of these options

What effect does the price of the ice-cream have on the demand for it?

There is a negative relationship

There is an inverse relationship

All of these options

An increase in the price will cause the quantity demanded to decrease

A demand schedule is:

A graph showing the relationship between the price of a product and the quantity of that product demanded

Both of these options

A table showing the relationship between the price of a product and the quantity of that product demanded

Neither of these options

Stacey would sell ten scoops of ice-cream at a certain price – what is that price?

R30

R28

R35

R25

How many ice-cream scoops would Stacey sell at R25 each?