Substitute and complement Goods

Substitute and complement Goods

11th Grade

4 Qs

quiz-placeholder

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Substitute and complement Goods

Substitute and complement Goods

Assessment

Quiz

Other

11th Grade

Medium

Created by

Sana Ben hamouda

Used 38+ times

FREE Resource

4 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price of hot dogs drops by $1, What will happen to the demand for the hot dog substitutes? It will

Decrease

Increase

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pen and Pencil are substitute product.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When price of good A Increase the substitute demand curve of good B will shift?

Right

Left

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Change in quantity demanded means:

Shift of the curve

Movement along the curve

none of above