ECO561 Week 1 Exam

ECO561 Week 1 Exam - Student Name:Celaine Harrington Student

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Unformatted text preview: Student Name:Celaine Harrington Student Email:ciciharri@gmail.com Site Title:Economics UOP custom CW Book Title:UOP-custom course for Economics Book Author:Case Location on Site:Chapter 1 > Lecture Exam Questions Date/Time Submitted:September 20, 2010 at 9:48 PM (EDT) Summary of Results 88% Correct of 8 Scored items: 7 Correct: 88% 1 Incorrect: 13% More information about scoring 1. According to the law of demand: As prices rise, ceteris paribus Your Answer:quantity demanded increases. Correct Answer:quantity demanded decreases. 2. In response to news reports that taking aspirins daily can reduce an individual's risk of a heart attack, there will most likely be Your Answer:an increase in the demand for aspirins. 3. The number of pizzas this restaurant sells per week increases from 500 to 700. This could be caused by Your Answer:an increase in the price of the pizza. 4. Which of the following is consistent with the law of supply? Your Answer:As the price of calculators rises, the quantity supplied of calculators increases, ceteris...
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This note was uploaded on 10/17/2010 for the course MBA 561 taught by Professor Various during the Spring '10 term at University of Phoenix.

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ECO561 Week 1 Exam - Student Name:Celaine Harrington Student

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