1. ECN 600 SU2025 VS1
2. Week Two - Supply and Demand, Part I
3. Worksheet #1 - Supply & Demand
Status Finished
Started Monday, July 21, 2025, 4:56 PM
Completed Monday, July 21, 2025, 5:03 PM
Duration 7 mins 6 secs
Grade 4.5 out of 5.0 (90%)
Question 1
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Question text
If the product is yak fat, and price of yak fat increases, what variable is affected,
and is it a move along the D curve (Qd), or a new Demand curve?
Select one or more:
a. price Correct
b. tastes and preferences
c. price of complimentary good
d. along the curve Correct
e. new curve
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Question 2
Correct
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Question text
National health food fad sweeps the country, and the product is yogurt, what
variable is affected, and is it a move along the D curve (Qd), or a new Demand
curve?
Select one or more:
a. price
b. tastes and preferences Correct
c. price of complimentary good
d. along the curve
e. new curve Correct
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Question 3
Correct
0.5 points out of 0.5
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Question text
If the product is peanut butter, and the price of jelly increases, what variable is
affected, and is it a move along the D curve (Qd), or a new Demand curve?
Select one or more:
a. price
b. tastes and preferences
c. price of complimentary good Correct
income
d. along the curve
e. new curve Correct
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Question 4
Correct
0.5 points out of 0.5
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Question text
If the product is gasoline, and world income increases, what variable is affected,
and is it a move along the D curve (Qd), or a new Demand curve?
Select one or more:
a. price
b. tastes and preferences
c. price of complimentary good
d. along the curve
e. new curve Correct
f. income Correct
Feedback
Question 5
Correct
0.5 points out of 0.5
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Question text
If the product is Kid Rock tickets, and the price of concert tickets to see Kid Rock
decreases, what variable is affected, and is it a move along the D curve (Qd), or
a new Demand curve?
Select one or more:
a. price Correct
b. tastes and preferences
c. price of complimentary good
d. along the curve Correct
2. Week Two - Supply and Demand, Part I
3. Worksheet #1 - Supply & Demand
Status Finished
Started Monday, July 21, 2025, 4:56 PM
Completed Monday, July 21, 2025, 5:03 PM
Duration 7 mins 6 secs
Grade 4.5 out of 5.0 (90%)
Question 1
Correct
0.5 points out of 0.5
Flag question
Question text
If the product is yak fat, and price of yak fat increases, what variable is affected,
and is it a move along the D curve (Qd), or a new Demand curve?
Select one or more:
a. price Correct
b. tastes and preferences
c. price of complimentary good
d. along the curve Correct
e. new curve
Feedback
Question 2
Correct
0.5 points out of 0.5
Flag question
Question text
National health food fad sweeps the country, and the product is yogurt, what
variable is affected, and is it a move along the D curve (Qd), or a new Demand
curve?
Select one or more:
a. price
b. tastes and preferences Correct
c. price of complimentary good
d. along the curve
e. new curve Correct
Feedback
Question 3
Correct
0.5 points out of 0.5
, Flag question
Question text
If the product is peanut butter, and the price of jelly increases, what variable is
affected, and is it a move along the D curve (Qd), or a new Demand curve?
Select one or more:
a. price
b. tastes and preferences
c. price of complimentary good Correct
income
d. along the curve
e. new curve Correct
Feedback
Question 4
Correct
0.5 points out of 0.5
Flag question
Question text
If the product is gasoline, and world income increases, what variable is affected,
and is it a move along the D curve (Qd), or a new Demand curve?
Select one or more:
a. price
b. tastes and preferences
c. price of complimentary good
d. along the curve
e. new curve Correct
f. income Correct
Feedback
Question 5
Correct
0.5 points out of 0.5
Flag question
Question text
If the product is Kid Rock tickets, and the price of concert tickets to see Kid Rock
decreases, what variable is affected, and is it a move along the D curve (Qd), or
a new Demand curve?
Select one or more:
a. price Correct
b. tastes and preferences
c. price of complimentary good
d. along the curve Correct
