Demand curve shift upward Study guides, Class notes & Summaries
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ECS1601 Assignment 4 Semester 2 2023 (SOLUTIONS/ANSWERS)
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ECS1601 Assignment 4 Semester 2 2023 (SOLUTIONS/ANSWERS) 
 
Question 1 
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Question text 
The distribution effects of inflation are best described by … 
a. 
the elderly benefiting at the expense of the young. 
b. 
creditors benefiting at the expense of debtors. 
c. 
borrowers benefiting at the expense of lenders. 
d. 
the poor benefiting at the expense of the rich. 
Clear my choice 
Question 2 
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Microeconomics 2nd Edition By Goolsbee - Test Bank
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1. 
Which of the following is a key assumption of the supply and demand model? 
A) 
that the price and quantity sold are determined in a single market 
B) 
that the prices and quantities sold are simultaneously determined in all markets 
C) 
the way the whole economy achieves equilibrium 
D) 
that international markets affect domestic markets, which in turn affect local markets 
 
 
2. 
A key assumption of the supply and demand model is that: 
A) 
each firm's good is unique and cannot be duplica...
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Test Bank for Microeconomics, 3rd Canadian Edition by Glenn Hubbard
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Test Bank for Microeconomics, 3rd Canadian Edition 3ce by Glenn Hubbard, Anthony Patrick OBrien. 
 
Full Chapters test bank included 
 
1 Economics: Foundations and Models 
Economics in Your Life and Career: How Much Will You Pay for a Cup of Coffee? 
Three Key Economic Ideas 
People Are Rational 
People Respond to Incentives 
Apply the Concept: Does Canada’s Health Care System Contribute to Obesity? 
Optimal Decisions Are Made at the Margin 
Solved Problem: 1.1 Binge Watching and Decisions at...
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ECS1601 EXAM PACK 2023
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ECS1601Test bank with answers 
Economics, past exam papers 
Exam-Pack-Index From 
2017-2022, assignment 1, 
assignment 2, .. ..complete 
solutions 
1 
ECS1601 TEST BANK 
Question 1 
In the goods market of the circular flow model, …. 
1) firms buy factors of production from consumers 
2) firms buy finished products from households 
3) consumers buy factors of production from firms 
4) firms sell factors of production to the government 
5) consumers buy finished products from firms Th...
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ECS1601 Assignment 4 Semester 1 2023
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UNIQUE NUMBER: 
PREVIEW OF QUESTION 1 
1. 1 Reference: Prescribed book PG 361 
The inverse relationship between the price level and the quantity of aggregate output demanded by 
households, firms, the government, and the rest of the world 
1. 1 Reference: Prescribed book PG 361 
The inverse relationship between the price level and the quantity of aggregate output demanded by 
households, firms, the government, and the rest of the world 
2. 1 Reference: Prescribed book PG 362 
If a fall...
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CPA BEC Exam Review 2024 with 100% correct answers
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Demand Curve Shift Upward (direct relationship-positive shift) - correct answer The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market 
 
Demand Curve Shift Downward (inverse relationship-neg. shift) - correct answer The price of complement good, income for inferior goods, and consumer boycotts 
 
SWOT analysis - correct answer strengths, weaknesses, opportunities, threats 
 
Three common measures of price inflation: - correct answer 1....
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ECON 103 GMU Exam 1 Boudreaux Questions and Answers Already Passed
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ECON 103 GMU Exam 1 Boudreaux 
Questions and Answers Already Passed 
 
A decrease in the number of buyers in the market of buyers in the market for reading glasses will 
a) cause the market demand curve for reading glasses to shift outward 
b) cause the market demand curve for reading glasses to shift inward 
c) cause each individuals demand for reading glasses to shift outward 
d) cause each individuals demand for reading glasses to shift inward b) cause the market 
demand curve for reading gla...
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BSNS exam prep, Multiple Choice Questions And Correct Answers, With Complete Verified Solution.
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BSNS exam prep, Multiple Choice Questions And Correct Answers, With Complete Verified Solution. 
 
As price decreases 
(a) demand increases. 
(b) the demand curve shifts left. 
(c) the supply curve shifts right. 
(d) quantity demanded increases. 
d 
A general increase in consumer incomes 
(a) leads to a movement along the demand curve. 
(b) shifts the demand curve to the right. 
(c) shifts the demand curve to the left. 
(d) shifts the demand curve, but it may shift left or right. 
d 
The slope ...
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ECS 2602 Assignment solution 2023
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Kindly direct content-related queries to your e-tutor on the discussion forum of your e-tutors website on myUnisa and contact the university administration if you have any problems regarding all others matters. 
How can students contact Unisa? Visit the myUnisa website. Click on the "Contact" icon where you will find all the necessary contact details. 
Please only contact your lecturers with content-related queries if you are unsatisfied with the response of your e-tutor. 
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American Military University ECON 101: ECON 101 Tests 1-3.
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Question 1 10 / 10 points 
The branch of economics that examines the impact of choices on aggregates in the economy is: 
Question options: 
positive economics. 
normative economics. 
macroeconomics. 
microeconomics. 
Question 
2 
10 / 10 
points 
When we are forced to make choices we are facing the concept of: Question options: 
ceteris paribus. 
free goods. 
scarcity. 
the margin. 
Question 
3 
10 / 10 
points 
An economic system is the set of rules that define _______ and _______ . Question op...
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