The Market
Presentation
•
Social Studies
•
12th Grade
•
Medium
Kendrick Broadus
Used 10+ times
FREE Resource
42 Slides • 13 Questions
1
The Market
By Kendrick Broadus
Economics: Unit 2
2
3
4
5
6
7
Open Ended
What comes to mind when you see the following words: (Write something for each set of words)
Market
Supply & Demand
Shortage - Surplus
Elastic - Inelastic
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
Multiple Choice
45
Multiple Choice
46
Multiple Choice
47
Multiple Choice
48
Multiple Choice
When the price of tea increases, the demand for coffee increases. What type of goods are tea and cookies?
normal
inferior
substitutes
complements
49
Multiple Choice
50
Multiple Choice
51
Multiple Choice
If demand for a good decreases when people's income increases
The good is an inferior good
The law of demand is violated
The good is a normal good
The good's demand curve is upward sloping
52
Multiple Choice
You normally buy a Starbucks Double Mocha Frappucino extra whipped cream, extra chocolate drizzle, extra sprinkles on your way to school everyday. You receive a 20% decrease in pay due to a recession and start buying QT coffee instead, what would this make QT coffee?
A normal good
An inferior good
A complement for higher income people
A better cup of coffee than starbucks
53
Multiple Choice
If the demand for flat screen TV's increase when consumers income rise, then TV's are
A normal good
An inferior good
A substitute good
A complement good
54
Multiple Choice
When national income decreases, Walmart notices an increase in purchases of their 'Great Value' brand goods.
Great Value goods are normal goods
Great value goods are complements to name brand
Great Value goods are inferior goods
None of the above
55
Multiple Choice
Which would cause a leftward shift (decrease) in the demand for Ramen noodles?
A decrease in national income
The price of regular noodles skyrockets
The price of gas increase
An increase in national income
The Market
By Kendrick Broadus
Economics: Unit 2
Show answer
Auto Play
Slide 1 / 55
SLIDE
Similar Resources on Wayground
51 questions
L04 Supply and Demand part 2
Presentation
•
University
49 questions
Practice Test 02 Review Session
Presentation
•
University
50 questions
Micro-Enterprise Review
Presentation
•
11th - 12th Grade
47 questions
Fruit and Vegetables/Imperatives - CAp
Presentation
•
12th Grade
46 questions
Fiscal Policy
Presentation
•
12th Grade
48 questions
Reagan & Bush Sr, years DAY 1
Presentation
•
11th Grade
50 questions
L03 Supply and Demand part 1
Presentation
•
University
46 questions
Classical Empires
Presentation
•
12th Grade
Popular Resources on Wayground
24 questions
PBIS-HGMS Day 10
Quiz
•
6th - 8th Grade
10 questions
HCS SCI 03 Summer School Review 3
Quiz
•
3rd Grade
11 questions
Home Scope
Quiz
•
7th - 8th Grade
15 questions
HCS SCI 05 Summer School Assessment 3 Review
Quiz
•
5th Grade
35 questions
Lufkin Road Middle School Student Handbook & Policies Assessment
Quiz
•
7th Grade
18 questions
Geo 11.3 Area of Circles and Sectors
Quiz
•
9th - 11th Grade