Ch 4 Review questions

Ch 4 Review questions - Question 1 0 out of 1 points Which...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 0 out of 1 points Which of the following would not be a determinant of the demand for a particular good? Correct Answer: Question 2 0 out of 1 points Suppose today people change their expectations about the future. This change in expectations Correct Answer: Question 3 0 out of 1 points Figure 4-1 Refer to Figure 4-1 . The movement from point A to point B on the graph
Background image of page 1

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

View Full DocumentRight Arrow Icon
would be caused by Correct Answer: unchanged). Question 4 0 out of 1 points Today's demand curve for gasoline could shift in response to Correct Answer: things unchanged). Question 5 0 out of 1 points Other things unchanged, a decrease in the costs of inputs (like labor, raw materials etc.) to produce cars would result in Correct Answer: equilibrium quantity of cars. Question 6 0 out of 1 points
Background image of page 2
Figure 4-7 Refer to Figure 4-7 . If price is $35, Correct Answer: to decrease. Question 7 0 out of 1 points Table 4-2 PRICE QUANTITY DEMANDED $10 $ 8 $ 6 $ 4 $ 2 Refer to Table 4- 2 . If the price was $2, a Correct Answer: rise. Question 8 0 out of 1 points
Background image of page 3

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

View Full DocumentRight Arrow Icon
Suppose the price of corn syrup increases. Given that corn syrup is a major ingredient in the production of soft drinks, how will this affect the equilibrium price and quantity in the soda market? Correct
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 15

Ch 4 Review questions - Question 1 0 out of 1 points Which...

This preview shows document pages 1 - 5. Sign up to view the full document.

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