E202PracticeExam1.2

E202PracticeExam1.2 - oranges? Does the supply curve shift...

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4. Why in college do you have different professors teaching you different subjects, but in elementary school the same teacher taught you everything (or almost everything) all year? Chapter 3 5. How would a fall in the price of fertilizer affect the market supply for corn? Does the supply curve shift left or right and why? What will happen to the equilibrium price and quantity? 6. How would an increase in the wage paid to orange pickers affect the market supply for
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Unformatted text preview: oranges? Does the supply curve shift left or right and why? What will happen to the equilibrium price and quantity of oranges? 7. How would an increase in population affect the market demand for apples? Does the demand curve shift left or right and why? What will happen to the equilibrium price and quantity?...
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This note was uploaded on 02/20/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.

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