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Demand and supply Flashcards | StudBud

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Demand and supply

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Questions 9

Answers

1
Razor & blades: Good example for...
substitutes
inferior goods
superior goods
complements
2
Fuel and cars are an example for ...
inferior goods
superiod goods
substitutes
complements
3
On the graduation day, parents are rushing into the city... Effect on hotel room rates?
Demand and supply shock. Price?
Demand up, Supply constant ==> prices up
Supply down ==< prices up.
Demand down ==> prices up.
4
In case that the price for fuel increases ...
the demand for gas increases.
real income increases
the demand for cars decreases.
the demand for cars increases.
5
In the 1970s, the Gogomobile is ...
accelerating fro zero o 100 in 5 sec.
a superior good.
used to fly to the moon...
an inferior good.
6
What migh cause a negative shock on supply for a PIZZA store?
Price of Döner decreases
Price for tomato sauce decreaases
Price of Döner increases
Energy price explodes.
7
Apples and peaches: Good example for...
complements
superior goods
substitutes
inferior goods
8
The brand "Nutella" is an inferior good!
True
False
9
Döner and beer are an example for ...
complements
substitutes
superior goods
inferior goods