Answer+Key+to+Alternate+Quiz+1

Answer+Key+to+Alternate+Quiz+1 - Alternate Quiz 1 Global...

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Alternate Quiz 1 Global Economy, Econ 13/IS 13 Spring 2010 (Total 100 points; Time allowed: 15 minutes) 1. Which of the following changes would not shift the demand curve for a good or service? a. a change in income b. a change in the price of the good or service c. a change in expectations about the future price of the good or service d. a change in the price of a related good or service 2. Which of the following would not shift the demand curve for mp3 players? a. a decrease in the price of mp3 players b. a fad that makes mp3 players more popular among 12-25 year olds c. an increase in the price of CDs, a complement for mp3 players d. a decrease in the price of satellite radio, a substitute for mp3 players 3. Which of the following events would cause a movement upward and to the left along the demand curve for olives? a. The number of buyers of olives decreases. b. Consumer income decreases, and olives are a normal good. c.
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This note was uploaded on 01/17/2012 for the course ECON 13 taught by Professor Freed during the Fall '08 term at UC Irvine.

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Answer+Key+to+Alternate+Quiz+1 - Alternate Quiz 1 Global...

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