What does "ceteris paribus" mean in economics?
Economics 3.2

Quiz
•
History
•
12th Grade
•
Hard
Taylene Traci Yniguez
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Everything changes
Nothing is constant
All else being equal
Market equilibrium
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When income increases and the demand for a product decreases, this product is considered:
A normal good
An inferior good
A complementary good
A substitute good
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would NOT cause a shift in the demand curve?
Change in consumer preferences
Change in price of the good
Change in population
Change in income levels
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In economics, goods that are used together are called:
Substitute goods
Inferior goods
Normal goods
Complementary goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rightward shift of the demand curve indicates:
A decrease in demand
An increase in demand
A movement along the demand curve
No change in demand
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which demographic factor can influence market demand?
The price of the good
The age distribution of the population
The location of the supply curve
The production technology
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of coffee increases and people buy more tea, tea is considered:
A complement to coffee
An inferior good
A substitute for coffee
A normal good
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