The Market
Presentation
•
Social Studies
•
12th Grade
•
Medium
Kendrick Broadus
Used 10+ times
FREE Resource
42 Slides • 13 Questions
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By Kendrick Broadus
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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
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Multiple Choice
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Multiple Choice
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Multiple Choice
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Multiple Choice
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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
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Multiple Choice
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Multiple Choice
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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
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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
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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
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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
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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
By Kendrick Broadus
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