ECON 545 All Weeks Discussion
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DEVRY ECON 545 Week 1 DQ 1 Supply and Demand
DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage
DEVRY ECON 545 Week 2 DQ 1 Marginal Analysis
DEVRY ECON 545 Week 2 DQ 2 Controlling Costs
DEVRY ECON 545 Week 3 DQ 1 Mergers Acquisitions
DEVRY ECON 545 Week 3 DQ 2 Anti-Trust Policy and Microsoft
DEVRY ECON 545 Week 4 DQ 1 Macroeconomic News
DEVRY ECON 545 Week 4 DQ 2 Healthcare
DEVRY ECON 545 Week 5 DQ 1 Trade Deficits
DEVRY ECON 545 Week 5 DQ 2 Exchange Rates
DEVRY ECON 545 Week 6 DQ 1 Fiscal Policy
DEVRY ECON 545 Week 6 DQ 2 Monetary Policy
DEVRY ECON 545 Week 7 DQ 1 The Public Sector
DEVRY ECON 545 Week 7 DQ 2 Forecasting
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ECON 545 Week 3 Quiz Imperfect Competition
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1.
Question :
(TCO A) There is a decrease in the cost of labor for producing bicycles.
(4 pts.) What happens to bicycle supply?
(6 pts.) What happens to bicycle demand?
2.
Question :
(
2. (TCO A) Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls.
(4 pts.) a. What happens to the demand for Diet Cola Brand X?
(6 pts.) b. What happens to the demand for Diet Cola Brand Y? (Points : 10)
3.
Question :
(TCO A) The number of new home sellers in a given market decreases.
(4 pts.) What happens to the supply of new homes?
(6 pts.) What happens to the demand for new homes?
4.
Question :
(TCO A) A market is in equilibrium with equilibrium Quantity of MEQ and equilibrium Price of MEP.
(2 pts.) a. What happens to market equilibrium Price (MEP) if there is an increase in Demand?
(4 pts.) b. What happens to market equilibrium Quantity (MEQ) if Supply decreases as Demand...