ECON 102 Quiz: ECON102 Quizzes 2017

6149 views44 pages
1 Oct 2018
Department
Course
Professor
apricotsalmon423 and 1 other unlocked
ECON 102 Full Course Notes
13
ECON 102 Full Course Notes
Verified Note
13 documents

Document Summary

1 of 44: substitute goods, inferior goods, canoe, bad weather, life jacket, ramen noodles and water, hot dogs and mustard. [q#2003] when the price of wine increases, the quantity of wine demanded: stays the same. [q#2004] when the price of wine decreases, the quantity of wine demanded: increases, stays the same. [q#2006] along a given demand curve, an increase in price of the product will: decrease the demand, increase the quantity demanded. 3 of 44: decrease, increase, increase, decrease, we can"t say, not change, we can"t say, not change, we can"t say. [q#2013] a decrease in buyers" income will _________ the demand for cars, a normal good: increase. [q#2018] a decrease in the price of gasoline will _________ the demand for cars, a complement of gasoline: decrease. [q#2020] if buyers" value for bicycles increase, the demand for bicycles will ______: stay the same.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents

Related Questions