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Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a budget constraint?
💡 Hint: Think about what a consumer can afford.
Question 2
Easy
What happens to demand when the price of a good decreases?
💡 Hint: Remember the law of demand!
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What happens to the demand curve when the price of a good increases?
- Increases
- Decreases
- Stays Constant
💡 Hint: Think about the relationship between price and quantity.
Question 2
Is the substitution effect positive or negative?
- True
- False
💡 Hint: Remember the consumer's reaction to price changes.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A consumer had a budget of $50. Price of bananas is $5, and mangoes are $2. How many of each can she buy if her preferences are equally aligned?
💡 Hint: Think about combinations that add up to the budget.
Question 2
If a consumer's utility function shows that they prefer bananas to mangoes, what will happen to their demand if banana prices fall?
💡 Hint: Consider consumer preferences concerning price changes.
Challenge and get performance evaluation