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Mod 5 Practice Quiz
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First Name
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Your answer
Last Name
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Your answer
Class Period
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1st Hour
2nd Hour
3rd Hour
5th Hour
6th Hour
7th Hour
8th Hour
Which of the following would decrease demand for a normal good? A decrease in
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1 point
A. Price
B. Income
C. The price of a substitute
D. Consumer taste for a good
E. The price of the complement
A decrease in the price of butter would most likely decrease the demand for
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1 point
Margarine
Bagels
Jelly
Syrup
If an increase in income leads to a decrease in demand, the good is
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1 point
a complement
a substitute
inferior
abnormal
normal
Which of the following will occur if consumers expect the price of a good to fall in the coming months?
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1 point
The quantity demanded will rise today
The quantity demanded will remain the same today
Demand will increase today
Demand will decrease today
No change will occur today
Which of the following will increase the demand for disposable diapers?
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1 point
a new "baby boom"
concern over the environmental effect of landfills
a decrease in the price of cloth diapers
a move toward earlier potty training of children
a decrease in the price of disposable diapers
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