Chapter 2 Quiz - Student Name: Charles Blackstone Student...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Student Name: Charles Blackstone Student Email: [email protected] Site Title: Economics UOP custom CW Book's Title: UOP-custom course for Economics Book's Author: Case Location on Site: Chapter 2 > Lecture Exam Questions 88% Correct of 8 Scored items: 7 correct: 88% 1 incorrect: 13% Submitted on December 6, 2010 at 12:44 PM (EST) ------------------------------------------------------------------- Question 1 The equilibrium $price is ___ and the equilibrium quantity is ___. Correct: $4, and 100 pet rocks. ------------------------------------------------------------------- Question 2 At what price would there be an excess demand of 125? Correct: $1.50 ------------------------------------------------------------------- Question 3 If the supply curve shifts to the left, which of the following will be true? Correct: At the original equilibrium price there will now be excess demand
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
------------------------------------------------------------------- Question 4 If the government sets a ceiling price of $3, which of the following is not likely to happen. Incorrect: Pet rocks will be hard to find in the stores.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/13/2011 for the course ACCT561 SH2MB906 taught by Professor Nathanielmanning during the Spring '09 term at University of Phoenix.

Page1 / 3

Chapter 2 Quiz - Student Name: Charles Blackstone Student...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online