ECON101 Week 2 Quiz Latest 2017
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Question 1 of 10
A shift of a demand curve to the right, all other things unchanged, will:
A. increase equilibrium price and quantity.
B. decrease equilibrium price and quantity.
C. decrease quantity and increase price.
D. increase quantity and decrease price.
Question 2 of 10
If the current price is above the equilibrium price, we would expect:
A. quantity demanded to exceed quantity supplied.
B. upward pressure on price.
C. quantity supplied to exceed quantity demanded.
D. no change in the mar...
- Exam (elaborations)
- • 4 pages's •
-
ECON101 Week 2 Quiz Latest 2017•ECON101 Week 2 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1 of 10
A shift of a demand curve to the right, all other things unchanged, will:
A. increase equilibrium price and quantity.
B. decrease equilibrium price and quantity.
C. decrease quantity and increase price.
D. increase quantity and decrease price.
Question 2 of 10
If the current price is above the equilibrium price, we would expect:
A. quantity demanded to exceed quantity supplied.
B. upward pressure on price.
C. quantity supplied to exceed quantity demanded.
D. no change in the mar...
Question 1 of 10
A shift of a demand curve to the right, all other things unchanged, will:
A. increase equilibrium price and quantity.
B. decrease equilibrium price and quantity.
C. decrease quantity and increase price.
D. increase quantity and decrease price.
Question 2 of 10
If the current price is above the equilibrium price, we would expect:
A. quantity demanded to exceed quantity supplied.
B. upward pressure on price.
C. quantity supplied to exceed quantity demanded.
D. no change in the mar...
- Exam (elaborations)
- • 4 pages's •
-
ECON101 Week 2 Quiz Latest 2017•ECON101 Week 2 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1 of 10
A shift of a demand curve to the right, all other things unchanged, will:
A. increase equilibrium price and quantity.
B. decrease equilibrium price and quantity.
C. decrease quantity and increase price.
D. increase quantity and decrease price.
Question 2 of 10
If the current price is above the equilibrium price, we would expect:
A. quantity demanded to exceed quantity supplied.
B. upward pressure on price.
C. quantity supplied to exceed quantity demanded.
D. no change in the mar...
Question 1 of 10
A shift of a demand curve to the right, all other things unchanged, will:
A. increase equilibrium price and quantity.
B. decrease equilibrium price and quantity.
C. decrease quantity and increase price.
D. increase quantity and decrease price.
Question 2 of 10
If the current price is above the equilibrium price, we would expect:
A. quantity demanded to exceed quantity supplied.
B. upward pressure on price.
C. quantity supplied to exceed quantity demanded.
D. no change in the mar...
- Exam (elaborations)
- • 4 pages's •
-
ECON101 Week 2 Quiz Latest 2017•ECON101 Week 2 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1 of 10
A shift of a demand curve to the right, all other things unchanged, will:
A. increase equilibrium price and quantity.
B. decrease equilibrium price and quantity.
C. decrease quantity and increase price.
D. increase quantity and decrease price.
Question 2 of 10
If the current price is above the equilibrium price, we would expect:
A. quantity demanded to exceed quantity supplied.
B. upward pressure on price.
C. quantity supplied to exceed quantity demanded.
D. no change in the mar...