Chapter 1 & 2 Quiz - Student Name: Charles...

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Unformatted text preview: Student Name: Charles Blackstone Student Email: charles.blackstone@pluribusintl.com Site Title: Economics UOP custom CW Book's Title: UOP-custom course for Economics Book's Author: Case Location on Site: Chapter 1 > Lecture Exam Questions 88% Correct of 8 Scored items: 7 correct: 88% 1 incorrect: 13% Submitted on December 6, 2010 at 11:38 AM (EST)------------------------------------------------------------------- Question 1 According to the law of demand: As prices rise, ceteris paribus Correct: quantity demanded decreases.------------------------------------------------------------------- Question 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 Correct: an increase in the demand for aspirins.------------------------------------------------------------------- Question 3 The number of pizzas this restaurant sells per week increases from 500 to 700. This could be caused by Correct: an increase in the price of the pizza.------------------------------------------------------------------- Question 4 Which of the following is consistent with the law of supply?...
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Chapter 1 & 2 Quiz - Student Name: Charles...

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