DEMAND AND SUPPLY

DEMAND AND SUPPLY

University

11 Qs

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DEMAND AND SUPPLY

DEMAND AND SUPPLY

Assessment

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Education

University

Practice Problem

Medium

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Demand is referring to

buyer

seller

producer

none of the above

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

supply is referring to

seller

buyer

buying side

buyer and seller

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

slopping downward from left to the right is referring to

supply curve

demand curve

supply and demand

none from the above

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

a movement along the demand curve is due to the factor of

whether

price of related goods

price of the good itself

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5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

a SHIFT in the supply curve is due to the factors of

price of the good itself

income

technology

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6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

What does this curve represent?

demand
supply
equilibrium
shortage

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Printers and ink cartridges are typically purchased together. Economists would call these

Substitute goods

Complementary goods

Inferior goods

compulsory goods

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