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Run the market gates

Exercise and reference answers

Questions
  1. Correct
    Normal
    Choices
    1. Normal
    2. Inferior
    3. Neither
  2. Correct
    Inferior
    Choices
    1. Normal
    2. Inferior
    3. Neither
  3. Correct
    Substitute
    Choices
    1. Substitute
    2. Complement
    3. Neither
  4. Correct
    Complement
    Choices
    1. Substitute
    2. Complement
    3. Neither
  5. Correct
    Ceiling
    Choices
    1. Ceiling
    2. Floor
    3. Neither
  6. Correct
    Floor
    Choices
    1. Ceiling
    2. Floor
    3. Neither
Instructions
Pick the correct term at every gate.

Explanation

_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._
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