30771852
Descripción
Test por Peter Jones, actualizado hace más de 1 año
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Creado por Peter Jones
hace más de 3 años
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Pregunta 1
Pregunta
What is ‘effective individual demand’. for a product?
Respuesta
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The quantity demanded by wealthy consumers.
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The quantity that a consumer wants to buy and has the money to buy it in a time period
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The quantity of a good or service that all consumers in the market are willing and able to buy at a given price in a time period.
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The maximum price that
Pregunta 2
Pregunta
Which of the following options causes a contraction in demand along the demand curve?
Respuesta
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An increase in consumers’ incomes
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An increase in the price of the product
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A decrease in the price of a substitute product
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There is an adverse change in consumer . tastes
Pregunta 3
Pregunta
Which option or options can cause a forward shift in the demand curve for an inferior product?
Respuesta
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A increase in the price of the product
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A fall in consumers’ incomes.
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An increase in the price of a substitute good
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A decrease in price of a complementary good
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