Economic 201 (Ch. 6) - Review Assessment Chapter 6_quiz...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Review Assessment: Chapter 6_quiz Submitted 2/10/08 10:04 PM Name Chapter 6_quiz Status Completed Score 14 out of 15 points Time Elapsed 0 hours, 22 minutes, and 12 seconds out of 1 hours and 45 minutes allowed. Instructions Note, you can open the quiz only once. Good luck. Question 1 1 out of 1 points A price ceiling will be binding only if it is set Selected Answer: below equilibrium price. Correct Answer: below equilibrium price. Question 2 1 out of 1 points The long-run effects of rent controls are a good illustration of the principle that Selected Answer: people respond to incentives. Correct Answer: people respond to incentives. Question 3 1 out of 1 points When a tax is imposed on the buyers of a good, the demand curve shifts Selected Answer: downward by the amount of the tax. Correct Answer: downward by the amount of the tax. Question 4 1 out of 1 points Figure 6-2 Refer to Figure 6-2 . Which of the following statements is correct? Selected 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
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/20/2008 for the course SCIENCE AN 201 and 1A taught by Professor Carsten&zagami during the Winter '07 term at NYU Poly.

Page1 / 4

Economic 201 (Ch. 6) - Review Assessment Chapter 6_quiz...

This preview shows document pages 1 - 2. Sign up to view the full document.

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