Search Header Logo

Chapter 4

Authored by minh châu

Other

University

Used 24+ times

Chapter 4
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shift in the demand curve for a product is caused by changes in the conditions of demand, rather than a change in the price of the product. Is this statement TRUE or FALSE

T

F

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good for which demand decreases with increase in income of consumers is called

Complement good


 Inferior good

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods which are consumed together are called


Complement goods

Substitute goods

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law of demand states that an increase in the price of a good decreases the demand for that good.


TT

F

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If apples and oranges are substitutes, an increase in the price of apples will decrease the demand for oranges.


T

F

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If golf clubs and golf balls are complements, an increase in the price of gold clubs will decrease the demand for golf balls.

T

F

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 If consumers expect the price of shoes to rise, there will be an increase in the demand for shoes today.


T

F

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?