If prices rise and income stays the same, what is the effect on demand?

Why does an economist create a market demand schedule?

How can expectations about the future change consumer behavior?

Which of the following will happen if the price of butter goes up?

A music store holds a half-price sale on all CDs. During the sale, people buy more CDs than usual. What does this event show?

The price of home computers rises. According to the law of supply, what will computer makers do?

Owners of digital cameras have to buy memory cards in order to use the cameras. Cameras and memory cards are

Businesses multiply the price they charge for a good by the quantity sold to calculate

A demand curve is accurate only as long as ceteris paribus is true. What does this Latin phrase mean?

Which of these must consumers have in order to have demand for a good?

Which of these statements is an example of the “bandwagon” advertising approach?

If a seller expects the price of a good to rise in the future, the seller will

What does technology generally do to production?

Which of the following actions by the government constitutes a subsidy?

What is the effect of import restrictions on supply?

Which most affects a supplier’s decision to make more or fewer goods?

Farmer Brown has ten dairy cows. The cost of feed goes up, but milk production stays the same. What does Farmer Brown do?

A factory makes pencils. New machines in the factory make it faster and cheaper to make pencils. What will happen next?

Which is a government subsidy?

What does a low price tell suppliers?

Teachers: Create FREE classroom games with your questions Click for more info!
©2007-2024 Review Game Zone | About | Privacy | Contact | Terms | Site Map