Contingent Goods Quiz
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which factor determines the demand for a contingent good?

  • The demand for a related good (correct)
  • The cost of production
  • The advertising strategy
  • The government regulations

    • What is a contingent good?

  • A good that is always in high demand
  • A good that is only available during certain seasons
  • A good whose demand is dependent on the demand for another good (correct)
  • A good that is produced in limited quantities

    • What is an example of a contingent good?

  • Toothpaste
  • Salt
  • Umbrellas
  • Hot dog buns (contingent on hot dogs) (correct)

    • More Like This

    Quiz de determinación de necesidades en el proceso logístico
    6 questions

    Quiz de determinación de necesidades en el proceso logístico

    AffluentCitrine avatar
    AffluentCitrine
    Contingent Contracts Quiz
    5 questions

    Contingent Contracts Quiz

    EverlastingWetland avatar
    EverlastingWetland
    Contingent Vote Electoral System Quiz
    5 questions

    Contingent Vote Electoral System Quiz

    MatureSkunk avatar
    MatureSkunk
    Doing Business by the Good Book Ch 36
    15 questions

    Doing Business by the Good Book Ch 36

    Tree Of Life Christian Academy avatar
    Tree Of Life Christian Academy
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser