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WorksheetsChapter 3: Cung & Cầu
Total questions: 15
Worksheet time: 8mins
Which of the following statements most accurately describes the law of demand?
When the price of a good increases, the demand for that good decreases and vice versa.
When the price of a good decreases, the demand for that good decreases.
When the price of a good increases, the demand for that good decreases.
When the price of a good increases, the demand for that good increases.
What does the demand curve show?
The quantity demanded for a specific good at different price levels.
The quantity demanded for a good will change when income changes.
A specific quantity will be supplied to the market at different price levels.
The quantity demanded for a specific good will change when the prices of related goods change.
The law of demand states that: if all other factors remain constant, then:
There is a relationship between the quantity demanded of this good and the price of a substitute good.
There is a direct relationship between quantity demanded and income.
There is a direct relationship between the quantity demanded of a good and preferences.
There is an inverse relationship between the quantity demanded of a good and its price.
The movement along the demand curve of any product A is due to:
The price of product A changes.
The income of consumers changes.
Taxes change.
The prices of substitute products decrease.
The demand curve for mobile phones shifts to the right as shown in the image due to which reason?
The production cost of mobile phones decreases.
The income of the population increases.
Due to investment from foreign technology companies like Apple, Samsung.
The selling price of mobile phones decreases.
Which of the following factors does not shift the demand curve for a product?
Consumer income.
Consumer preferences and tastes.
Prices of related goods.
Prices of input materials for product production.
The law of supply states that:
An increase in demand leads to an increase in supply.
Producers are willing to supply less at a higher price.
There is an inverse relationship between supply and price.
Producers are willing to supply more at a higher price.
What does the supply curve reflect?
The discrepancy between the quantity demanded and the quantity supplied at each price level.
The quantity of goods that producers will sell at each price level in the market.
The maximum quantity of goods that the industry can produce, regardless of price.
The highest price that producers are willing to accept at each level of output.
Moving along the supply curve shows that when the price of goods decreases, then?
Supply decreases.
The supply curve shifts to the right.
Supply increases.
The supply curve shifts to the left.
What is secondary goods?
It is a type of goods that, with other factors unchanged, when income increases, the quantity demanded increases.
It is a type of goods that, with other factors unchanged, when income decreases, the quantity demanded decreases.
It is a type of goods that, with other factors unchanged, when income increases, the quantity demanded decreases.
It is a type of goods that has a high selling price.
What is a substitute good?
When the price of good A increases, it decreases the demand for good B.
When the price of good A increases, the demand for good B remains unchanged.
When the price of good A increases, it increases the demand for good B.
I do not see any correct options.
Which of the following factors causes a shift in the supply curve?
Price of input materials and the level of production technology.
Number of sellers.
Expectations of sellers.
I see that all of the above answers are correct, teacher.
The movement along the supply curve of product Y is due to?
The price of product Y changes.
The price of input materials increases.
Production technology is developing increasingly.
More sellers are entering the market.
What is a normal good?
Under the condition that all other factors remain constant, when consumers' income increases, the quantity demanded for that good increases.
Under the condition that all other factors remain constant, when consumers' income increases, the quantity demanded for that good decreases.
Under the condition that all other factors remain constant, when consumers' income decreases, the quantity demanded for that good increases.
I find that all the above statements are incorrect.
Please indicate which pair of goods below is a pair of complementary goods?
Rice and cars
Pepsi and Coca
Phở and broken rice
Printers and printer ink
