Macroeconomics

1. When the market price is higher(prenominal) than the labyrinthine sense price, at that place is: (Points: 5) a surplus. a shortage. both a shortage and a surplus. uncomplete a shortage nor a surplus. 2. A decrement in accept means that bar demanded falls: (Points: 5) at least one price. at a few prices. at most(prenominal) prices. at all prices. 3. If the market price is below residuum price, quantity demanded: (Points: 5) is less than quantity supplied. is equal to quantity supplied. is striking than quantity supplied. remains the same. 4. At equilibrium, quantity demanded __________ equals quantity supplied. (Points: 5) evermore usually sometimes never 5. When the market price is higher up equilibrium price, the market price go out be dictated: (Points: 5) up by buyers. up by sellers. buck by buyers down by sellers. 6. Changes in demand be caused by each of the following EXCEPT changes in: (Points: 5) income. the prices of related goods and services. tastes and preferences. supply. 7. An profit in the price of a complement will consequent in a(n) __________ for the carrefour. (Points: 5) decrease in the quantity demanded stick on in the quantity demanded decrease in the demand gain in the demand 8.

If deep brown is a substitute(a) for afternoon tea, and the price of coffee rises, what will happen? (Points: 5) lead for tea will decrease. Demand for tea will increase. The quantity demanded of coffee will rise. The quantity demanded of tea will decrease. 9. The most central determinant of the grad of elasticity of demand is: (Points: 5) whether or not the item is a big ticket it! em. whether or not the item is a luxury or not. how many uses the product has. the availability of substitutes. 10. If a car dealership decides to offer a rebate to overthrow the selling price of its cars and as a result finds an increase in its total revenues, then the demand for cars from this dealership is: (Points: 5) price...If you urgency to get a full essay, drift it on our website: OrderEssay.net

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