Ünite Sınavı Soruları

What  is a type of good whose demand curve slopes upward and the positive income effect outweighs the negative substitution effect in response to a price change?

What would one call the goods when the price of one decreases, the demand of the other increases?

At every point on the demand curve, which of the following condition holds?

Considering a price elasticity value of 2 for the good X, what happens when the price of X increases?

If the demand for automobiles drops 10% as a response to 50% increases in tire prices, this means that the cross price elasticity is ______ . Also it means that automobiles and tires ______ each other.

What is the result of a change in the price of a good considering a typical demand curve?

What is the change in the quantity demanded of a good in response to a change in purchasing power, keeping relative prices constant?

Change in the quantity demanded of a good in response to a change in purchasing power, keeping relative prices constant, is called the
.......... effect.

If the good Y is an ........... good for the consumer, quantity demanded of the good would decrease as the income of the consumer increases. In this case the Engel curve would be ........... sloped. 

1. Utility function
2. Budget constraint
3. Type of goods

Which of the above items is/are required to set up a Lagrangian function for a consumer's constrained maximization problem?

If the price-consumption curve is downward sloped, then which is the following best describes the relationship between two commodities?

What  is a type of good whose demand curve slopes downward and the substitution effect is greater than the income effect in response to a price change?

Which of the following statements is true regarding the income-consumption curve?

The good Y is a ........ good as the Engel Curve is ...... sloped for good Y.

What is the change in the quantity demanded of a good in response to a change in its price, keeping the satisfaction level of the consumer constant?

What does show the geometric description of the set of utility-maximizing commodity bundles traced out as the monetary income of the consumer changes, ceteris paribus?

I) Two goods that satisfy similar needs are called substitutes.

II) Two goods that are used together to satisfy the same need are called complements. 

III) Income-Consumption Curve is the curve showing the set of utilitymaximizing commodity bundles traced out as the monetary income of the consumer changes, ceteris paribus.

Which of the following is true for cross price demand fuction?

In cross-price demand function, which of the following variable affect the quantity demanded of a commodity?

To derive the income-consumption curve, which of the following determinants of demand is allowed to change?

What does relate the quantity of good demanded to income?