What happens to quantity demanded when prices increase?, It usually increases, It usually decreases, It stays the same, It becomes zero, What is elastic demand?, When price does not change, When quantity demanded changes by a larger percentage than price, When quantity demanded stays the same, When price changes by a larger percentage than quantity demanded, If the price of a popular brand of soda increases, consumers may switch to another brand, making demand more elastic., True, False, What is the difference between demand and quantity demanded?, Demand is the entire relationship, while quantity demanded is a specific amount at a given price, They mean exactly the same thing, Quantity demanded is the entire demand curve, Demand only applies when price increases, What happens to total revenue when price increases for a product with elastic demand?, It usually increases, It usually decreases, It always stays the same, It becomes zero, What is utility?, The price of a product, The satisfaction a consumer gets from a good or service, The amount of money a business earns, The cost of producing a product, What is marginal utility?, Total money spent on a product, The extra satisfaction from consuming one more unit, The total satisfaction from all goods, The price of one additional unit, What usually happens to marginal utility as you consume more of a good?, It always increases, It usually decreases, It stays the same, It becomes negative immediately, If you continue buying more of the same product, each additional unit will always provide more satisfaction., True, False, How can consumers maximize their utility?, By spending all their money on one product, By always buying the cheapest product, By choosing goods that give them the most satisfaction from their limited income, By avoiding all spending
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Chapter 3
Podijeli
Podijeli
Autor
Jiszelleguadalu
Uredi sadržaj
Spasi
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Ispis
Postavi
Više
Zadatke
Top-lista
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Ovu top-listu onemogućio je vlasnik sadržaja.
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Prijava je obvezna
Vizualni stil
Fontovi
Potrebna je pretplata
Postavke
Više ovako
Changes in Supply and Demand
Autor
Mscurcuru
Razvrstaj u grupe
17
Determiners of Quantity - Discussion
Autor
Sandraoh
Izmiješane kartice
13
Supply & Demand
Autor
Kellyyoung
Spoji parove
5
Demand, Supply and Markets
Autor
Singhay
Televizijski kviz
4
Supply and Demand
Autor
Ehuth
Televizijski kviz
11
Identifying parts of Demand Curve
Autor
Ldeegan
Slika s oznakama
5
Determinants of Demand
Autor
Aweigle
Kviz
3
Questions: Feel good factors
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Annamaks
Izmiješane kartice
31
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