DD & SS

Quiz
•
Business
•
University
•
Hard
Wei Ang
Used 23+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Refer to Figure above. Which of the following would be most likely to cause the demand for Dr. Pepper to shift from D0 to D1?
a decrease in income, assuming that Dr. Pepper is a normal good
an increase in the price of 7-UP, assuming 7-UP is a substitute for Dr. Pepper
a decrease in the price of Dr. Pepper
a reduction in the price of sugar used to make Dr. Pepper
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are
complements.
substitutes.
unrelated goods.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
During an economic downturn when consumer income falls, the demand for tacos increases and the demand for sushi decreases. This implies that tacos
are a normal good and sushi is an inferior good.
are an inferior good and sushi is a normal good.
and sushi are inferior good
and sushi are normal good
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A decrease in demand (demand curve shifts to the left) for cameras would likely be caused by
an increase in the price of a substitute good.
an increase in the price of cameras.
an increase in the price of a complementary good.
a decrease in the price of cameras.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When the decrease in the price of one good causes the demand for another good to decrease, the goods are
normal.
inferior.
substitutes.
complements.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
According to the law of supply, there is a
negative relationship between price and the quantity of a good supplied.
positive relationship between price and the quantity of a good supplied.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Refer to Figure above. A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve S2 to
Point A on supply curve S2.
Point C on supply curve S2.
supply curve S3.
supply curve S1.
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Understanding Production and Market Structures

Quiz
•
University
10 questions
Marketing Strategies Part 2

Quiz
•
University
15 questions
Multiple-Choice Questions (With Key Terms & Examples)

Quiz
•
University
10 questions
Demand & Supply

Quiz
•
University
10 questions
Week 5 Revision

Quiz
•
University
12 questions
Economics Quizizzzzzz year 8 aussie curriculum

Quiz
•
7th Grade - Professio...
8 questions
Consumer and Producer Surplus-Part Two

Quiz
•
University
10 questions
Quizonomics

Quiz
•
University
Popular Resources on Wayground
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World

Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
20 questions
ELA Advisory Review

Quiz
•
7th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns

Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Business
11 questions
NFL Football logos

Quiz
•
KG - Professional Dev...
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)

Quiz
•
8th Grade - University
7 questions
Force and Motion

Interactive video
•
4th Grade - University
36 questions
Unit 5 Key Terms

Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms

Quiz
•
11th Grade - University
20 questions
La Hora

Quiz
•
9th Grade - University
7 questions
Cell Transport

Interactive video
•
11th Grade - University
7 questions
What Is Narrative Writing?

Interactive video
•
4th Grade - University