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Econ Chapter 4: section 1-2 Quiz
Created by jrogers
- 1. demand
- 2. normal goods
- 3. complements
- 4. sustitute
- 5. inferior goods
- a. goods that consumers demand more of when thier income rise
- b. goods that are used together, so a rise in demand for the other
- c. goods that consumers demand less of when their income rise
- d. is the willingness to buy good or service and the ability to pay for it
- e. goods and services that can be used in place of each other
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Econ Chapter 4: section 1-2 Quiz (Answer Key)
Created by jrogers
- d 1. demand
- a 2. normal goods
- b 3. complements
- e 4. sustitute
- c 5. inferior goods
- a. goods that consumers demand more of when thier income rise
- b. goods that are used together, so a rise in demand for the other
- c. goods that consumers demand less of when their income rise
- d. is the willingness to buy good or service and the ability to pay for it
- e. goods and services that can be used in place of each other
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