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Supply and Demand (Substitute & Complimentary) Flashcards | StudBud
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Supply and Demand (Substitute & Complimentary)
Supply and Demand (Substitute & Complimentary)
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Questions
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Answers
1
The price of coffee goes down, what happens to the demand for donuts (complimentary good)
Go Down and Up
Go no where
Go Down
Go Up
2
Which is a subsitute good for a Lazyboy Chair
Garage
Floor
Couch
Refrigerator
3
The amount of people that want and are able to buy something is known as...
Demand
Equilibrium
Supply
Substitute
4
The price of a doritos loco taco falls, what will happen to the amount of loco tacos demanded?
Go Down
None of the Above
Stay the Same
Go Up
5
What is a complimentary good for a digital camera?
memory card
i phone
flowers
car
6
Which of the following products is most likely in demand for an average middle schooler?
Car Insurance
Private Jet
Clothes
Living room furniture
7
What is a complimentary good for an i phone?
Flappy Bird App
Samsung Galaxy
Coffee
Kindle
8
What is a substitute good for a hamburger?
Hammer
Chicken Sandwich
Hamburger
Pepsi
9
The price of Kleenex tissues goes down, what happens to the demand for Puffs tissues (sub)
Stay the Same
Go Up
Puffs
Go Down
10
People are willing to pay more for Levi jeans, what will happen to the supply of Levi jeans?
Stay the Same
Go Up then Down
Go Down
Go Up
11
You are store selling halloween candy, what is the perfect amount of candy you should supply?
The same amount of candy as the demand for candy
Not enough candy to meet everyone's demand
None of the Above
More or extra candy than there is a demand for
12
How much of a good producers are willing and able to offer is known as...
Demand
Equilibrium
Supply
Substitute
13
The price of Nike shoes go up, what will happen to the demand for Adidas shoes (substitute)?
Stay the Same
Go Down
None of the Above
Go Up
14
What is a substitute good for dish rag.
Paper Towels
Mouse Trap
Soap
Bath Robe
15
Halloween is nearm and the demand for candy is high. How does that effect price of candy?
Supply goes down
Price goes down
Price stays about the same
Price goes up
16
What is a complimentary good for ice cream?
Bacon Bits
Chocolate Sauce
Scissors
Buffalo Sauce
17
If the price of hot dogs go up, what will happen to the demand for ketchup?
Go Down
None of the Abobe
Go Up
Stay the Same
18
What is a substitute good for a scented candle
House Plant
DVD
Febreze Air Freshener
Blanket
19
What is a substitue good for Chips Ahoy cookies?
Grapes
Takis
Doritos
Oreos
20
What is a complimentary good for a juicy steak?
Chicken
Hamburger
Bun
Mash Potatoes
