C4 2 Quiz by HC120913075321

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									C4-2 quiz

Multiple Choice
Identify the choice that best completes the statement or answers the question.

____    1. Which of the following would cause a change in the quantity demanded for a product?
           a. changing consumer tastes                      c. decreasing the price of the product
           b. increasing consumer income                    d. changing prices of related products
____    2. How does the demand curve respond to an increase in demand?
           a. The curve shifts left.                        c. There is movement along the curve.
           b. The curve shifts right.                       d. There is no change in the curve.
____    3. All of the following would cause a change in demand of a product EXCEPT
           a. a decrease in consumer income.
           b. the substitution effect.
           c. changing consumer tastes.
           d. an increase in the price of related products.
____    4. All of the following are examples of complements EXCEPT
           a. butter and margarine.                         c. peanut butter and jelly.
           b. flashlights and batteries.                    d. cameras and film.
____    5. A change in the number of consumers can cause
           a. the demand curve to shift.                    c. the market demand curve to shift.
           b. a substitution effect.                        d. prices to fall.


Matching

            Match each statement with the correct item below.
            a. change in quantity demanded due to a change in price that alters a consumer's real income
            b. illustrated by movement along the demand curve
            c. products that tend to be used together
            d. a change in quantity demanded due to a change in the relative price of a product
            e. the demand for an economic product varies inversely with its price
            f. products that can be used in place of other products
____ 6.     change in quantity demanded
____ 7.     income effect
____ 8.     substitution effect
____ 9.     substitutes
____ 10.    complements
C4-2 quiz
Answer Section

MULTIPLE CHOICE

     1. ANS: C                 PTS: 1                DIF: Average
        REF: Learn more about this question in Economics Principles and Practices, pages 96-99, and in the
        Reading Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4,
        Section 2, of the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Pages 96-99
     2. ANS: B                 PTS: 1                DIF: Challenging
        REF: Learn more about this question in Economics Principles and Practices, page 98, and in the Reading
        Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
        the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Page 98
     3. ANS: B                 PTS: 1                DIF: Average
        REF: Learn more about this question in Economics Principles and Practices, pages 96-99, and in the
        Reading Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4,
        Section 2, of the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Pages 96-99
     4. ANS: A                 PTS: 1                DIF: Easy
        REF: Learn more about this question in Economics Principles and Practices, page 98, and in the Reading
        Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
        the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Page 98
     5. ANS: C                 PTS: 1                DIF: Average
        REF: Learn more about this question in Economics Principles and Practices, page 99, and in the Reading
        Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
        the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Page 99


MATCHING

     6. ANS: B                 PTS: 1               DIF: Average
        REF: Learn more about this question in Economics Principles and Practices, page 95, and in the Reading
        Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
        the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Page 95
     7. ANS: A                 PTS: 1               DIF: Average
        REF: Learn more about this question in Economics Principles and Practices, page 96, and in the Reading
        Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
        the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Page 96
     8. ANS: D                 PTS: 1               DIF: Average
        REF: Learn more about this question in Economics Principles and Practices, page 96, and in the Reading
        Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
        the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
        epp.glencoe.com.       NOT: Page 96
 9. ANS: F                 PTS: 1               DIF: Easy
    REF: Learn more about this question in Economics Principles and Practices, page 98, and in the Reading
    Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
    the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
    epp.glencoe.com.       NOT: Page 98
10. ANS: C                 PTS: 1               DIF: Easy
    REF: Learn more about this question in Economics Principles and Practices, page 98, and in the Reading
    Essentials and Study Guide, Chapter 4, Section 2. For additional practice, complete Chapter 4, Section 2, of
    the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at
    epp.glencoe.com.       NOT: Page 98

								
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