Run the market gates
Exercise and reference answers
- Questions
- Correct
- Normal
- Choices
- Normal
- Inferior
- Neither
- Correct
- Inferior
- Choices
- Normal
- Inferior
- Neither
- Correct
- Substitute
- Choices
- Substitute
- Complement
- Neither
- Correct
- Complement
- Choices
- Substitute
- Complement
- Neither
- Correct
- Ceiling
- Choices
- Ceiling
- Floor
- Neither
- Correct
- Floor
- Choices
- Ceiling
- Floor
- Neither
- Instructions
- Pick the correct term at every gate.
Explanation
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._