Microeconomics
Authored by Aakanksha Kaushik
Social Studies
University
CCSS covered
Used 211+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant, then the size of the budget set is reduced.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The graph represents: Demand or Supply?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Elastic or Inelastic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Elastic or Inelastic
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of a product consumers will buy at a given prices is called what?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Law of demand says if the price of pizza falls, the demand for pizza will what?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the population of Ankeny increases, the demand will: increase or decrease?
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