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- 1. Multiple Choice
Goods that we consume/use together
Complements
Substitutes
Tastes and Preferences
Disposable Income
- 2. Multiple Choice
Goods that we use instead of one another
Complements
Substitutes
Tastes and Preferences
Disposable Income
- 3. Multiple Choice
This is affected by the weather, advertising, and peer pressure
Complements
Substitutes
Tastes and Preferences
Disposable Income
- 4. Multiple Choice
Income after paying income tax
Complements
Substitutes
Tastes and Preferences
Disposable Income
- 5. Multiple Choice
Which graph shows an INCREASE in DEMAND?
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3
4
- 6. Multiple Choice
Which graph shows an DECREASE in DEMAND?
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2
3
4
- 7. Multiple Choice
Which graph shows an DECREASE in QUANTITY DEMANDED?
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2
3
4
- 8. Multiple Choice
Which graph shows an INCREASE in QUANTITY DEMANDED?
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2
3
4
- 9. Multiple Choice
Sam loves subway wraps .He will often buy a cookie with his wrap. The price of wraps have recently increased.
How would you show an increase in the price of subway wraps on the demand curve for subway wraps? (Identify which graph shows the correct change)
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4
- 10. Multiple Choice
Sam loves subway wraps .He will often buy a cookie with his wrap. The price of wraps have recently increased.
How would you show an increase in the price of subway wraps on the demand curve for cookies? (Identify which graph shows the correct change)
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2
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4
- 11. Multiple Choice
Sam loves subway wraps .He will often buy a cookie with his wrap.
What is the economic relationship between subway wraps and cookies?
Substitutes
Complements
Related Goods
Mixed Goods
- 12. Multiple Choice
What would be the correct way to explain the changes on graph 1
There has been a movement down the demand curve
There has been a movement up the demand curve
There has been a shift of the demand curve to the right from D to D1
There has been a shift of the demand curve to the left from D to D1
- 13. Multiple Choice
What would be the correct way to explain the changes on graph 2
There has been a movement down the demand curve
There has been a movement up the demand curve
There has been a shift of the demand curve to the right from D to D1
There has been a shift of the demand curve to the left from D to D1
- 14. Multiple Choice
What would be the correct way to explain the changes on graph 3
There has been a movement down the demand curve
There has been a movement up the demand curve
There has been a shift of the demand curve to the right from D to D1
There has been a shift of the demand curve to the left from D to D1
- 15. Multiple Choice
What would be the correct way to explain the changes on graph 4
There has been a movement down the demand curve
There has been a movement up the demand curve
There has been a shift of the demand curve to the right from D to D1
There has been a shift of the demand curve to the left from D to D1
- Answer choicesTagsAnswer choicesTags