chaptersupplyanddemand.docVIP

chapter 3 supply and demand Description本次测验由50道选择题构成，每题1分，测验时间为150分钟。 This assessment is worth 50 points. Note:? Correct answers appear in Blue.? Incorrect answers and skipped questions appear in Red after Your response. Reference: 3-13 An increase in demand is represented by shifting from ?? (1 point) Your response:c. curve C to curve D. ????? (You answered correctly!) Feedback?:? Learning Objective: Shifting the demand curveLevel of Learning: ApplicationSource: From 2eType: Graphical Problem 1? point awarded. The correct answer is: curve A to curve B. curve B to curve A. curve C to curve D. curve D to curve C. curve C to curve B. McDonalds is running a $0.99 Small Mac special. This is likely to cause ?? (1 point) Your response:c. a decrease in the supply of Small Macs. Feedback?:? Learning Objective: Define a demand curveLevel of Learning: ApplicationSource: UniqueType: Word Problem 0? points awarded. The correct answer is: an increase in the demand for Small Macs. a decrease in the demand for Small Macs. a decrease in the supply of Small Macs. a decrease in the quantity demanded of Small Macs. an increase in the quantity demanded of Small Macs. As consumers incomes decrease, the demand curve for bologna sandwiches shifts to the right. Therefore bologna sandwiches are a(n) ?? (1 point) Your response:c. substitute good. Feedback?:? Learning Objective: Shifting the demand curveLevel of Learning: ApplicationSource: UniqueType: Word Problem 0? points awarded. The correct answer is: normal good. complement good. substitute good. defective good. inferior good When the price of a good is below its equilibrium value, ?? (1 point) Your response:d. suppliers will notice their inventories are growing. Feedback?:? Learning Objective: Determination of pricesLevel of Learning: ApplicationSource: UniqueType: Word Problem 0? points awarded. The correct answer is: consumers will bid the price up. excess supply will occur. it will