Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
15
×
If the cost of bacon goes down, the demand for eggs will go?
Up
Oops!
Check
Okay!
Check
15
×
What are two factors that can affect elasticity?
Time. Number of substitutes. Luxuries versus necessities. Percentage of income spent on the good.
Oops!
Check
Okay!
Check
25
×
What type of good will be in higher demand if a person's income increases?
A normal good
Oops!
Check
Okay!
Check
20
×
Decrease/ Increase Elastic demand and an increase in price lead to a ________ in total revenue.
Decrease
Oops!
Check
Okay!
Check
15
×
If the price for a good goes up the demand will go____?
Down
Oops!
Check
Okay!
Check
15
×
Peanut butter and Jelly are examples of what kind of good?
Complementary
Oops!
Check
Okay!
Check
15
×
Milk would be classified as what type of good?
Neutral
Oops!
Check
Okay!
Check
25
×
What are TWO factors that can cause a change in shift in the curve?
Income, Preferences, Price of a related goods, Number of buyers, future price
Oops!
Check
Okay!
Check
×
monster
Reset all scores!
Oops!
×
star
Double points!
Okay!
×
gift
Win 15 points!
Okay!
×
baam
Lose 10 points!
Oops!
10
×
Steak would be classified as what type of good?
Normal
Oops!
Check
Okay!
Check
5
×
What is the term for declining or decreasing?
Diminishing
Oops!
Check
Okay!
Check
15
×
Something that has value or gives us satisfaction?
Utility
Oops!
Check
Okay!
Check
5
×
In economics, demand means
willingness and ability to buy a good
Oops!
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
magnet
Take 10 points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
baam
Lose 25 points!
Oops!
15
×
If a decrease in income increases the demand for a good, the good is (inferior, normall)
inferior
Oops!
Check
Okay!
Check
×
baam
Lose 20 points!
Oops!
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
banana
Go to last place!
Oops!
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies