eco ch.3 flash quiz answers

eco ch.3 flash quiz answers - Correct Answer: Question 6 0...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Questi on 1 1 out of 1 points An increase in price will Selected Answer: Correct Answer:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question 2 0 out of 1 points An increase in the price of a complement will Selected Answer: Correct Answer: Question 3 0 out of 1 points An increase in the demand for coal with no concurrent change in the supply of coal will result in a ________ equilibrium price and a(n) ________ equilibrium quantity. Selected Answer: Correct Answer: Question 4 1 out of 1 points If the price of tea increases and the demand for sugar decreases, then Selected Answer: Correct Answer: Question 5 1 out of 1 points If an increase in income leads to a decrease in the demand for a good, the good is a(n)
Background image of page 2
Question 5 1 out of 1 points Selected Answer:
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Correct Answer: Question 6 0 out of 1 points If the demand for a good increases as consumer incomes rise, the good is termed a(n) Selected Answer: Correct Answer: Question 7 1 out of 1 points Which of the following is not a characteristic of a market in equilibrium? Selected Answer: Correct Answer: Question 8 1 out of 1 points As the price of cookies increases, firms that produce cookies will Selected Answer: Question 8 1 out of 1 points Correct Answer: Question 9 0 out of 1 points When is it not possible for individuals to arrange a transaction that creates additional economic surplus? When Selected Answer: Correct Answer: Question 10 0 out of 1 points When a firm pollutes, Selected Answer: Correct Answer:...
View Full Document

Page1 / 4

eco ch.3 flash quiz answers - Correct Answer: Question 6 0...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online