4174163
Descrição
Quiz por mateogalvis97, atualizado more than 1 year ago
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Criado por mateogalvis97
aproximadamente 9 anos atrás
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Questão 1
Questão
Elasticity refers to the responsiveness of demand due to
Responda
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Cost
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Price
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Motivation
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Income
Questão 2
Questão
Products that are addictive (cigarettes, alcohol, cocaine etc.) tend to be
Responda
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Inelastic, because people are not willing to pay more for a product that has no real benefit in their life.
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Elastic, because people who are addictive will always want the product, regardless of the price.
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Inelastic, because people who are addictive will always want the product, regardless of the price.
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Elastic, because people are not willing to pay more for a product that has no real benefit in their life.
Questão 3
Questão
Business air travel is more inelastic than leisure air travel because
Responda
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People who travel for business usually travel in first class so it's more expensive.
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People who travel for leisure will have other options other than traveling for vacation.
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There is more people traveling for business than people traveling for leisure.
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There is more people traveling for leisure than people traveling for business.
Questão 4
Questão
The demand curve is upward sloping.
Responda
- True
- False
Questão 5
Questão
Lipton Ice Tea and Fuze Tea are weak substitutes.
Responda
- True
- False
Questão 6
Questão
If the price for iPhones suddenly rises drastically, what is expected to happen to the demand for the Samsung Galaxy?
Responda
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It will increase
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It will stay the same
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It will decrease
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It will decrease and then increase in the long run.
Questão 7
Questão
Which of the following is an example of a complementary good of pasta?
Responda
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Coca-Cola
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Eggs
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Nuts
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Parmesan cheese
Questão 8
Questão
Product A has unitary elasticity. If the price for Product A goes from $20 to $100, the demand will be
Responda
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5,7x lower
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5,4x higher
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5,3x lower
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None of the above
Questão 9
Questão
Cellphones and SIM cards are expected to have joint demand.
Responda
- True
- False
Questão 10
Questão
Motivation is one of the factors affecting PES.
Responda
- True
- False
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