ECO 561 Potential Instructors / tutorialrank.com

ECO 561 Potential Instructors / tutorialrank.com

ECO 561 Chapter 1 Quiz (UOP Course)
For more course tutorials visit
www.tutorialrank.com
Tutorial Purchased: 3 Times, Rating: A

Chapter 1 Quiz

Question 1

As per the law of demand: When rates increase, ceteris paribus


Question 2

In response to news reports that taking aspirins daily can reduce an individual's risk of a heart attack, there will most likely be



Question 3

The number of pizzas this restaurant sells per week increases from 500 to 700. This could be caused by



Question 4

Which of the following is consistent with the law of supply?



Question 5

Suppose that video game cartridges are a normal good. If the income of video game players increases, you predict that in the market for videotapes

Question 6

Apples and oranges are substitute goods. A freeze in Florida destroyed a good portion of the orange crop. Ceteris Paribus,


Question 7

An excess demand for a product serves as a signal that


Question 8

At the same time that part of the lettuce crop was destroyed consumer income also decreased. Ceteris Paribus, in the market for lettuce would have caused

----------------------------------------------------------------------------------------------


ECO 561 Chapter 2 Quiz (UOP Course)
For more course tutorials visit
www.tutorialrank.com
Tutorial Purchased: 2 Times, Rating: B+

CHAPTER 2 QUIZ


Question 1

The equilibrium $price is ___ and the equilibrium quantity is ___.

Question 2

At what price would there be an excess demand of 125?

Question 3

If the supply curve shifts to the left, which of the following will be true?


Question 4

If the government sets a ceiling price of $3, which of the following is not likely to happen.



Question 5

The current price of Thanksgiving bonnets is $20. The quantity demanded is 2000 and the quantity supplied is 1500. If the price is allowed to adjust to equilibrium the...

Similar Essays