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DPEco 1.1 Demand & Supply Curves Flashcards | StudBud
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DPEco 1.1 Demand & Supply Curves
DPEco 1.1 Demand & Supply Curves
15 terms
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StudBud Administration
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31 plays
IB Economics
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
DsR Jimmy Choo shoes - Supply ?
SsL
Se
SsR
Sc
2
What type of good - An increase in income leads to an increase in demand
Normal
Veblen
Inferior
Giffen
3
The demand for a FoP that results from the demand for the product that it is used to make.
Law of Demand
Inferior Good
Veblen Good
Derived Demand
4
Luxury goods with status appeal are demanded in greater quantity when their price rises.
Giffen Goods
Superior Goods
Veblen Goods
Inferior Goods
5
What type of good - price rise results in greater consumption ?
Giffen
Inferior
Normal
Veblen
6
DsR Yeezys - Supply of Yeezys ?
SsR
Sc
SsL
Se
7
What type of good - An increase in income leads to a decrease in demand
Inferior
Normal
Giffen
Veblen
8
DsR Gold- S of Gold ?
Sc
SsR
Se
SsL
9
Price of Pepsi rises - Demand for Pepsi
Dc
DsL
De
DsR
10
Government tax rise on Newspapers - Demand for Newspapers
De
DsR
Dc
DsL
11
DsL ice cream - Supply of Butter
Sc
SsR
SsL
Se
12
DsL for Mobile phones - Demand for SIM cards ?
De
DsR
DsL
Dc
13
Price of Pepsi rises - Demand for Coca-Cola
De
Dc
DsR
DsL
14
Rise in price of Hermes handbag
De
DsL
Dc
DsR
15
Mad Cow Disease - Supply of leather
Sc
SsR
Se
SsL
