Econ 101 week 7 - Study guides, Class notes & Summaries

ECON 101 Week 2 Quiz Ch 3 Week 2 Quiz (Chapter 3) Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points 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 10.0 Points If the current price is above the equilibrium price, we would expect: A.quantity demanded to exceed...

ECON 101 Week 2 Quiz Ch 3 Week 2 Quiz (Chapter 3) Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points 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 10.0 Points If the current price is above the equilibrium price, we would expect: A.quantity demanded to exceed...

New, 2023, exam(elaborations) ECON101 Week 7 Quiz

Econ 101 Midterm 1 Review Week 1-7 questions and answers complete solution 2024/2025

1 / 51 1 1. A nurse is teaching a client who has a new prescription for metformin extended release tablets. Which of the following statements by the client indicates an understanding of the teaching? I will avoid crushing this medication I'll switch to a lactosefree formula 2. A nurse is assessing a client who is receiving enteral feeding via an NG tube. The client has developed hyperosmolar dehydration. Which of the following ac- tions should the nurse take when administering the cl...

ECON 101-Week 7 quiz Questions and Answers

Introduction to Microeconomics (ECON 101)1) The p rice elasticity of d emand is a u nits- free measu re of the responsiveness of A) p rice to chan ges in qu an tity d eman d ed B) qu antity d eman d ed to ch anges in th e p rice of a substitu te or comp lement C) qu antity d emand ed to chan ges in the p rice of the good D) qu antity d emand ed to chan ges in income E) none of the above. An sw er: C 2) If a 10 p ercent rise in price lead s to an 8 p ercent d ecline in qu antity d emand ed , the ...

ECON 101 Quiz 7 Week 7 Ch 11 Week 7 Quiz (Chapter 11) Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points Monopolistic competition is an industry characterized by a: A. small number of firms producing identical products, with barriers to entry for firms. B. small number of firms producing similar products, with relatively easy entry for firms. C. large number of firms producing similar products, with relatively easy entry for firms. D. large number of firms produc...

ECON 101 Week 2 Quiz Ch 3 Week 2 Quiz (Chapter 3) Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points 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 10.0 Points If the current price is above t...

ECON 101 Quiz 6 Week 6 Ch. 9 Week 6 Quiz (Chapter 9 & 10) Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points Perfect competition is characterized by: A. rivalry in advertising. B. fierce quality competition. C. the inability of any one firm to influence price. D. widely recognized brands. Question 2 of 10 10.0 Points An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by p...