Economic 201 (Ch. 4) - Review Assessment: Chapter4...

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Review Assessment: Chapter4 Submitted 1/30/08 10:17 PM Name Chapter4 Status Completed Score 14 out of 15 points Time Elapsed 0 hours, 14 minutes, and 18 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 If goods A and B are complements, an increase in the price of A will result in Selected Answer: less of good B sold. Correct Answer: less of good B sold. Question 2 0 out of 1 points When we move up or down a given demand curve, Selected Answer: all determinants of quantity demanded are held constant. Correct Answer: all nonprice determinants of demand are assumed to be constant. Question 3 1 out of 1 points Figure 4-9 Refer to Figure 4-9. If the price is $10, there would be a Selected Answer: shortage of 600 and price would rise. Correct Answer: shortage of 600 and price would rise. Question 4 1 out of 1 points Currently you purchase 6 packages of hot dogs a month. You will be graduating in December and will start your new job January 2nd. You have no plans to purchase
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Economic 201 (Ch. 4) - Review Assessment: Chapter4...

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