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Substitute and complement Goods

Authored by Sana Ben hamouda

Other

11th Grade

Used 41+ times

Substitute and complement Goods
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4 questions

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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

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