L2 2 - Your location Assessments View All Submissions View...

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View Attempt 2 of 3 Title: Lesson 2 Quiz (Required for course grade) Started: February 25, 2009 12:05 PM Submitted: February 25, 2009 12:22 PM Time spent: 00:17:30 Total score: 70/100 = 70% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. Refer to the above diagram. A government-set price floor is best illustrated by: Student Response Value Correct Answer Feedback A. quantity E. B. price B. C. price A. D. price C. 100% Score: 10/10 Comments: 2. If a legal ceiling price is set above the equilibrium price: Student Response Value Correct Answer Feedback Your location: Assessments View All Submissions › View Attempt
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A. a shortage of the product will occur. B. neither the equilibrium price nor equilibrium quantity will be affected. 100% C. a surplus of the product will occur. D. a black market will evolve. Score: 10/10 Comments: 3. A demand curve for a public good is determined by: Student Response Value Correct Answer Feedback A. summing vertically the individual demand
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L2 2 - Your location Assessments View All Submissions View...

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