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Biblioteka

[BBI] Supply & Demand Formative Assessment

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Posljednje ažuriranje almost 3 years ago
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Pitanje 1
1.

Which of the following is represented by the arrows in the graph below?

Pitanje 2
2.

Which of the following is the best example of the law of demand?

Pitanje 3
3.

The expectation of a sale on a good/service in the future is most likely to lead to which of the following right now?

Pitanje 4
4.

Which of the following would likely cause the shift (illustrated by the arrow) shown below in the market for avocados?

Pitanje 5
5.

Assume that chips and salsa are COMPLEMENTARY goods, meaning they are used together. How will the market for chips be affected if the price of salsa DECREASES to $1 per bottle?

Pitanje 6
6.

Which of following is the best example of the Law of Supply?

Pitanje 7
7.

Which of the following news headlines would cause the shift shown on the graph below (as illustrated by the arrows) in the market for cars?

Pitanje 8
8.

The movement from P1, Q1 to P2, Q2 (as illustrated by the arrow) in the image below is best described as

Pitanje 9
9.

Identify the spot that represents the market equilibrium on the following image.

Pitanje 10
10.

Select all of the spots that are part of the demand curve on the following image.

Pitanje 11
11.

Select all of the spots that are part of the supply curve on the following image.

Pitanje 12
12.

All else being equal, demand goes when prices come down.

Pitanje 13
13.

All else being equal, supply comes down when prices come .

Pitanje 14
14.

The "Demand" part of the Economic Principle of Suppy and Demand is from the 's perspective.

Pitanje 15
15.

Match the examples in the left column with the correct category in the right column.

  • apple and orange

  • Nike running shoes and Reebox running shoes

  • winter coat and winter boots

  • Desktop computer and laptop

  • complementary goods

  • substitute goods