Sample quiz

Sample quiz - First Name _ (print) Student ID # _ Last Name...

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First Name _________________ (print) Last Name ________________ (print) Student ID # _____________________ Signature _______________________ Recitation for ECON 2010-500 Quiz 1 (Fall 2007) 01.( )Almost all economists agree that rent control a. improves the availability and quality of housing. b. allows the market for housing to work more efficiently. c. adversely affects the availability and quality of housing. d. is a very inexpensive way to help the most needy members of society. 02.( )A demand curve shows the relationship a. between income and quantity demanded. b. between price and income. c. between price and quantity demanded. d. among income, price, and quantity demanded. 03.( )If the price of a substitute to good X increases, then the a. demand for good X will decrease. b. market price of good X will decrease.
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c. demand for good X will increase. d. quantity demanded for good X will increase. 04.( )If the number of buyers in the market decreases, the a. demand in the market will increase. b. demand in the market will decrease. c. supply in the market will increase. d. supply in the market will decrease. 05.( )A leftward shift in supply is a. an increase in supply. b.
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Sample quiz - First Name _ (print) Student ID # _ Last Name...

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