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Quiz 1_ Attempt review - Copy.pdf - 4/21/22, 6:21 AM Quiz...

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4/21/22, 6:21 AMQuiz 1: Attempt reviewFaculty of ArtsHarvey KingTobias SperlichDashboard /ECON 100 (Online King Winter 2022)/Quiz 1Started onFriday, 4 February 2022, 9:23 PMStateFinishedCompleted onFriday, 4 February 2022, 10:22 PMTime taken58 mins 27 secsGrade6.00out of 15.00 (40%)QuestionIncorrectMark 0.00 out of 1.00When you draw a S or D curve, you are assuming that ___________________.Select one:1Course administrationFeedback viewerCourse administrationa.no one knows which variables will change and which will remain constant.b.everything is variable. This is known asceteris paribusc.everything is held equal. This is known asceteris paribus.d.what is true for the individual is not necessarily true for the whole.Key assumption on a *given* demand or supply curve is that only the own-price is changing, and everything else that affects the curve is heldconstant (ceteris paribus).The correct answer is: everything is held equal. This is known asceteris paribus..
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4/21/22, 6:21 AMQuiz 1: Attempt reviewQuestionCorrectMark 1.00 out of 1.00Saskatchewan had more hospitals than Ontario, despite having one-tenth the population. The Saskatchewan government closed many of thesehospitals in spite of widespread local protests. Which one of the following arguments is true?Select one:2
2/9QuestionIncorrect3Mark 0.00 out of 1.00

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