additionQuiz1MC - Additional Items, ECO 3033 Quiz 1...

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Additional Items, ECO 3033 Quiz 1 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. __ B __ 1. A demand curve shows how quantity demanded changes with price. This implies that a. only price shifts a demand curve b. everything else that affects demand is held constant c. quantity demanded is unrelated to price d. economists are concerned only with money e. it is impossible to show how anything but price affects demand __ C __ 2. Movements along a demand curve are called changes in a. demand b. opportunity costs c. quantity demanded d. the substitution effect e. preferences __ E __ 3. Studies show that the demand curve for peas has shifted. Which of the following explanations would you reject first? a. The price of string beans has changed. b. The demand for corn has changed. c. The demand for string beans has changed. d. The income of consumers has changed. e.
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additionQuiz1MC - Additional Items, ECO 3033 Quiz 1...

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