2009 midterm test 2 due to the TA strike

2009 midterm test 2 due to the TA strike -...

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Jump to Navigation Frame   Your location: Home Page  ›  Makeup for Test 2  ›  Assessments  ›  View All Submissions  › View Attempt  View Attempt 1 of 1  Title: Makeup for Test 2 Started: November 21, 2009 3:28 PM Submitted: November 21, 2009 4:03 PM Time spent: 00:34:35  Total score: 43/45 = 95.5556%   Total score adjusted by 0.0  Maximum possible score: 45  1.   A binding price ceiling causes    Student Response Correct Answer 1.  a shortage, which cannot be  eliminated through market  adjustment.    2. a surplus, which cannot be  eliminated through market  adjustment.    3. a shortage, which is temporary,  since market adjustment will cause  price to rise.    4. a surplus, which is temporary, since  market adjustment will cause price  to rise.    Score: 1/1    2.   A binding price ceiling will make it necessary to   
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  Score: 1/1    3.   In the housing market, rent controls cause quantity supplied to    Score: 1/1    4.   A minimum wage imposed above a market's equilibrium wage will result in the quantity    Score: 1/1   
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5.   A tax placed on kite buyers will shift    Score: 1/1    6.   Figure 6-9 Refer to Figure 6-9 . The price buyers will pay after the tax is imposed is    Score: 1/1    7.   Figure 6-9 Refer to Figure 6-9 . The price sellers receive after the tax is imposed is 
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  Score: 1/1    8.   Figure 6-9 Refer to Figure 6-9 . The amount of the tax per unit imposed in this market is    Score: 1/1    9.   Figure 6-9 Refer to Figure 6-9 . The amount of the tax per unit that buyers would pay would be 
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  Score: 1/1    10.   Figure 6-9 Refer to Figure 6-9 . The amount of the tax per unit that sellers would pay would be    Score: 1/1    11.   A tax imposed on a market with an inelastic demand and an elastic supply will cause   
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  Score: 1/1    12.  
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This note was uploaded on 03/13/2011 for the course ECON 1B03 taught by Professor Hannahholmes during the Spring '08 term at McMaster University.

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2009 midterm test 2 due to the TA strike -...

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