Quiz 2 and Keys Fall 2010

Quiz 2 and Keys Fall 2010 - 4 4 U nit s of AGEC 105 Unit s...

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Units of Environmental Quality A D 4 3 1 E B C Units of Power 4 6 8 10 12 AGEC 105 Ishdorj Quiz 2 Fall 2010 Name: __________________________________ Choose the single best answer for each question. Each question is worth 2.5 points. 1. Which of the following sets of goods are most likely to be complementary goods? a. shoes and pizza b. automobiles and computers c. baseballs and baseball gloves d. football tickets and baseball tickets e. Dell and Gateway computers 2. An increase in the price of a good results in a(n) a. decrease in demand b. increase in demand c. increase in quantity demanded d. decrease in quantity demanded e. increase in supply Price per DVD Quantity of DVDs 3. Suppose that the market for DVDs is initially at point A on demand curve D 2 in figure above. If there is a decrease in the price of DVDs, a. the demand curve will shift to D 1 b. equilibrium will move to point B on demand curve D 2 c. equilibrium will move to point C on demand curve D 2 d. there will be no change from point A e. the demand curve will shift to D 3
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This note was uploaded on 12/01/2010 for the course AGEC 105 taught by Professor Capps during the Spring '08 term at Texas A&M.

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Quiz 2 and Keys Fall 2010 - 4 4 U nit s of AGEC 105 Unit s...

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