Miscellaneous Quiz / MicroeconomicsTest1

Random Miscellaneous Quiz

Can you name the MicroeconomicsTest1?

 Plays Quiz not verified by Sporcle

Forced Order
Challenge
Share
Tweet
Embed
Score 0/26 Timer 20:00
HintAnswer
The change in quantity consumed that is caused by a change in real income, with relative prices held constant
The set of affordable combinations of two goods
If producers are very responsive to changes in price, the increase in price caused by excess demand will cause a large reduction in the quantity demanded
If the shift of the demand curve is relatively small, the gap between the new demand and the old supply will be relatively small
The price elasticity of supply equals zero
If consumers are very responsive to changes in price, the increase in price caused by excess demand will cause a large reduction in the quantity demanded
A measure of the responsiveness to changes in consumer income
If the income increases and is negative it is a what type of good
The line connecting the combination of two goods that exhaust a consumer's budget
A measure of the responsiveness of demand to changes in the price of another good
The price elasticity is infinite
The change in total utility from one additional unit of good
The money a firm generates from selling its product
HintAnswer
The price elasticity of demand is greater than one
The satisfaction of experiences from consuming a good
The price elasticity of demand is less than one
The price elasticity of demand is zero
The change in quantity consumed that is caused by a change in the relative price of the good, with real income held constant
As the consumption of a particular good increases, marginal utility decreases
A measure of responsiveness of the quantity supplied to changes in price
A measure of the responsiveness of the quantity demanded to changes in price
Pick the combination of two activities where the marginal benefit per dollar for the first activity equals the marginal benefit per dollar for the first activity equals the margina
The price elasticity of supply is equal to infinity
If the income increases and is positive it is a what type of good
One unit of elasticity
the price elasticity of demand is one

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Join for Free
OR
Log In

You Might Also Like...

Show Comments

Extras

Created Jun 9, 2010ReportNominate

Top Quizzes Today


Score Distribution

Your Account Isn't Verified!

In order to create a playlist on Sporcle, you need to verify the email address you used during registration. Go to your Sporcle Settings to finish the process.

Report this User

Report this user for behavior that violates our Community Guidelines.

Details: