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Martin's Supply and Demand Quiz part 2 Flashcards | StudBud

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Where is this?

This demand curve is:

Martin's Supply and Demand Quiz part 2

12 terms·StudBud Administration·203 plays

Supply and Demand Economics quiz

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Questions 12

Answers

1
This demand curve is:
Unit elastic
Inelastic
Elastic
Plastic Elastic Fantastic
2
Where is this?
Paris
Madrid
Miami
Las Vegas
3
A shift from D1 to D2 could be a result of:
A successful advertising campaign
An increase in the cost of raw materials
More efficient production methods
Scientists prove this product will make your teeth fall out
4
Who is this?
Kim Jong Un
Michio Kaku
Xi Jinping
Brandon Lee
5
A price ceiling will typically cause what?
Prices and quantities supplied that are too high
Prices that are too low and quantity supplied too high
Prices and quantities supplied that are too low
Prices that are too high and quantity supplied too low
6
A shift from S to S1 could be due to what?
An effective advertising campaign
More efficient production methods
A decrease in the price of a substitute good
An increase in the price of raw materials
7
Name the song
Everlong
Best of you
Best of me
Foo fighters
8
Dropping the price from P1 to P2, demand is:
Elastic
Unit Elastic
impossible to tell
Inelastic
9
Which of the following will cause a movement along the demand curve?
A change in preferences
A change of income
An increase in the price of a complementary good
An increase in price
10
Who is this?
Martin Smith
Justin Bieber
Vladimir Putin
George Bush
11
A shift from D to D1 could be a result of:
More effiecient production methods
Lower raw material prices
a fall in the price of a complementary product
a fall in the price of a substitute product
12
Name the song
Lady Gaga
Poker Face
Born This Way
Paparazzi