{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Econ 281A3 Midterm1_Version1_with_sol_2010 (1)

Econ 281A3 Midterm1_Version1_with_sol_2010 (1) - Econ 281...

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

View Full Document Right Arrow Icon
Econ 281 A3, Fall 2010 Instructor: Valentina Galvani September 24 Mid-term Exam I Special Code 1 INSTRUCTIONS: 1. Complete the name, student identification number and special code fields on the general purpose answer sheet. Answer sheets missing any of this information will not be marked. Answer the multiple choice questions on the general purpose answer sheet. There are 7 multiple choice questions, each worth 4 points. 2. There are two open problems. Answer in the space provided after the problem statement. 3. This exam is worth 40 points and you have 45 minutes. 4. Print your name and student identification number in the space below. Student Name (PRINT) ____________________________________ I.D. # _____________________________________ Good luck!
Image of page 1

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

View Full Document Right Arrow Icon
1. (4 points) Consumers regard Dell computers and Gateway computers as substitutes. With all the rest being equal, if the price of a Dell computer increases, a. the demand for Dell computers increases b. the demand for Gateway computers increases ** c. the quantity demanded of Dell computers increases d. the demand for Gateway computers decreases
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}