Supply/Demand Quiz
Help!
|
|
||||
|---|---|---|---|---|---|
| show | Can you substitute the goods with something else?
🗑
|
||||
| Relative Importance | show 🗑
|
||||
| show | You always buy a necessity even if price increases. If price of a luxury item increases, demand may go down. Example (yesterday's luxury becoming today's necessity)
🗑
|
||||
| show | more than just price.
🗑
|
||||
| show | lead to an increase or decrease in demand at every price along the curve.
🗑
|
||||
| A change in demand is referred to as... | show 🗑
|
||||
| A shift to the right (on the demand curve) means... | show 🗑
|
||||
| show | decrease in demand
🗑
|
||||
| show | you purchase more of certain goods when your income increases.
🗑
|
||||
| show | if population increases, demand for certain products increases (ex. population increases demand for home increase)
🗑
|
||||
| show | current demand for good is related to its expected future prices (if you expect the price to go up in the future, current demand goes up )
🗑
|
||||
| A shift can be caused by advertising because.... | show 🗑
|
||||
| show | Also known as substitutes = goods in place of one another (margin instead of butter)
🗑
|
||||
| show | (ex. bell-bottom jeans)
🗑
|
||||
| A shift can be caused by consumer incentives because.... | show 🗑
|
||||
| show | Demand IS affected by a change in price (ex. pizza, movie tickets, gasoline).
🗑
|
||||
| Inelastic Demand | show 🗑
|
||||
| Characteristics of Traditional Economics rely on... | show 🗑
|
||||
| Economy revolves around the.... | show 🗑
|
||||
| Work is divided along.... | show 🗑
|
||||
| Agriculture and hunting are.... | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
gmatise
Popular Economics sets