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Chapter3_quiz2 - Question 1 0 out of 0 points When an...

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Questi on 1 0 out of 0 points When an economist says that the demand for a product has decreased, this means that: Selected Answer: Correct Answer:
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Question 2 0 out of 0 points An increase in consumer incomes will: Selected Answer: Correct Answer: Question 3 0 out of 0 points When drawing demand and supply curves, economists are assuming that the primary influence on production and purchasing decisions is: Selected Answer: Correct Answer:
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Questio n 4 0 out of 0 points Refer to the following diagrams: <A onclick="window.open('http://highered.mcgraw- hill.com:80/olcweb/cgi/pluginpop.cgi? it=jpg::::/olc/dl/384256/quiz3b_4.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><IMG height=16 src="http://highered.mcgraw- hill.com:80/olcweb/styles/shared/linkicons/image.gif" width=16 border=0 valign="absmiddle"> (29.0K)</A> Which of the above diagrams illustrates the effect of an increase in crude oil prices on the market for gasoline? Selected Answer: Correct Answer:
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Question 5 0 out of 0 points
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