Chapter 4 Demand Terms

Chapter 4 Demand Terms

10th Grade

16 Qs

quiz-placeholder

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Chapter 4 Demand Terms

Chapter 4 Demand Terms

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

Jessica Butler

Used 4+ times

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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods that Consumers demand more of when income increases

Normal Goods

Inferior Goods

Substitutes

Complements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The assumption that nothing other than price will change

Ceteris paribus

Utility

Income effect

Elastic

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods used in place of one another

Substitute Goods

Normal Goods

Complementary Goods

Inferior Goods

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods for which demand falls as income increases

Normal Goods

Substitute Goods

Complementary Goods

Inferior Goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods that are used together

Normal Goods

Inferior Goods

Substitute Goods

Complementary Goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A list of the quantity of a good that a person will buy at different prices

Demand Schedule

Demand Curve

Law of Demand

Substitution effect

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A change in consumption that results when a price increase causes real income to decline

Income effect

Substitution Effective

Law of Demand

Demand Curve

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