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Presentation transcript:

Memorise these 12 goods or services Press space bar to begin

1

2

3

4

5

6

7

8

9

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12

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???

Now answer these questions: Which of the goods or services could be classified as: 1.Being de-merit goods 2.Being Price Inelastic 3.2 Products that have joint demand 4.Having inelastic supply 5.Having negative income elasticity 6.Being a normal good ??? ??? ?? ? ???