EC 201 Practice_Final Quiz 2

EC 201 Practice_Final Quiz 2 - Title: Module 2 Quiz -...

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Title: Module 2 Quiz - Chapter 3 Started: April 7, 2010 2:33 PM Submitted: April 7, 2010 2:44 PM Time spent: 00:11:07 Total score: 7/10 = 70% Total score adjusted by 0.0 Maximum possible score: 10 1. In much of the country, homeowners choose to heat their houses with either natural gas or home heating oil. Which of the following could cause the demand for natural gas to change? Student Response Value Correct Answer Feedback A. a change in the price of home- heating oil B. a change in income C. an increase in consumer tastes for natural gas as an energy source D. all of the above 100% Score: 1/1 2. Raclette is a popular wintertime dish in Switzerland. It is essentially melted Raclette cheese over boiled new potatoes. If the price of this cheese decreased we would expect:
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0/1 3. A newspaper story recently reported that the price of new cars has decreased, and the quantity of new cars sold has dropped. The price and quantity changes were probably caused by: Score: 1/1 4. Which of the following will NOT cause an increase in the supply of cornflakes?
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EC 201 Practice_Final Quiz 2 - Title: Module 2 Quiz -...

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