Economics 3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | the desire to own something and the ability to pay for it
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| show | consumers buy more of a good when its price decreases and less when its price increases
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| income effects | show 🗑
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| show | demand curves are accurate only as long as there are
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| normal goods | show 🗑
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| inferior goods | show 🗑
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| show | example of inferior goods
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| show | if you expect prices to rise
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| complements | show 🗑
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| show | goods used in place of one another
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| show | measure of how consumers react to price changes
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| show | describes demand that is not very sensitive to change in price
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| show | describes demand that is very sensitive to change in price
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| bottled water or computers | show 🗑
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| show | percentage increases can be the same
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| substitutes, importance, N vs. L, and time | show 🗑
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| show | if there are few substitutes for a good
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| show | total amount of money a firm receives by selling goods or service
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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