Test Bank for Principles of Microeconomics 2nd Edition Taylor Principles of Microeconomics 2e OpenStax Test bank |ultimate guide 100% verified.
6 keer bekeken 0 keer verkocht
Vak
Principles of Microeconomics 2e
Instelling
Principles Of Microeconomics 2e
Boek
Macroeconomics
Test Bank for Principles of Microeconomics 2nd Edition Taylor Principles of Microeconomics 2e OpenStax Test bank |ultimate guide 100% verified.Test Bank for Principles of Microeconomics 2nd Edition Taylor Principles of Microeconomics 2e OpenStax Test bank |ultimate guide 100% verified.Test Bank f...
test bank for principles of microeconomics 2nd edi
Gekoppeld boek
Titel boek:
Auteur(s):
Uitgave:
ISBN:
Druk:
Meer samenvattingen voor studieboek
Test Bank for Principles of Microeconomics 2nd Edition Taylor Principles of Microeconomics 2e OpenStax Test bank |newest guide 2024|2025.
Question Bank in line with Principles of Microeconomics 2,OpenStax
Elevate Your Study Game with the [Principles of Microeconomics 2,OpenStax] 2024 Test Bank
Alles voor dit studieboek (14)
Geschreven voor
Principles of Microeconomics 2e
Principles of Microeconomics 2e
Verkoper
Volgen
Avanah
Ontvangen beoordelingen
Voorbeeld van de inhoud
1.
Page 1
ki
,1.An individual demand curve is a graph:
ki ki ki ki ki ki
a. that plots the quantity of an item that someone plans to buy, at each price.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki
b. that plots the quantity of an item that someone plans to buy, at one single price point.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
c. that plots the quantity of an item that a seller plans to sell, at each price.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
d. that plots the market price of a product at different points in time.
ki ki ki ki ki ki ki ki ki ki ki ki
ANSWER: b ki
2. Quantity demanded is on the horizontal axis when you plot a demand curve and shows the:
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
a. amount of a good that a person is willing to buy at each price.
ki ki ki ki ki ki ki ki ki ki ki ki ki
b. amount of a good that a person actually buys at the market price.
ki ki ki ki ki ki ki ki ki ki ki ki
c. amount of a good that a seller is willing to sell at a particular price.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki
d. amount where opportunity cost is equal to the marginal benefit.
ki ki ki ki ki ki ki ki ki
ANSWER: a ki
3. (Figure: Leonard's Demand for Pecan Pie) Look at Leonard's weekly demand curve for slices of pie.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
Howmany slices of pie is Leonard willing to buy at $3 per slice?
ki ki ki ki ki ki ki ki ki ki ki ki ki ki
a. 3 slices ki
b. 9 slices ki
c. 7 slices ki
d. 5 slices ki
ANSWER: d ki
4. (Figure: Leonard's Demand for Pecan Pie) Look at Leonard's weekly demand curve for slices of pie.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
Howmany slices of pie is Leonard willing to buy at $2 per slice?
ki ki ki ki ki ki ki ki ki ki ki ki ki ki
Page 2
ki
, a. 3 slices
ki
b. 9 slices
ki
c. 7 slices
ki
d. 5 slices
ki
ANSWER: c ki
5. (Figure: Mia's Demand Curve for Ice Cream) The accompanying graph shows Mia's demand curve for
ki ki ki ki ki ki ki ki ki ki ki ki ki ki
icecream, how many cones would Mia be willing to buy at $5 per cone?
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
a. 3 cones
ki
b. 9 cones
ki
c. 5 cones
ki
d. 12 cones
ki
Page 3
ki
, ANSWER: a ki
6. (Figure: Mia's Demand Curve for Ice Cream) Look at Mia's demand curve for ice cream, how many cones
ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki ki
isMia willing to buy at $4 per cone?
ki ki ki ki ki ki ki ki ki
a. 6 cones ki
b. 3 cones ki
c. 12 cones ki
d. 9 cones ki
ANSWER: a ki
7. Why does the demand curve slope downwards?
ki ki ki ki ki ki
a. It slopes downward due to the positive relationship between price and quantity demanded.
ki ki ki ki ki ki ki ki ki ki ki ki
b. It slopes downward due to buyers perceiving fall in price as a fall in quality.
ki ki ki ki ki ki ki ki ki ki ki ki ki ki
c. It slopes downward due to the law of demand.
ki ki ki ki ki ki ki ki
d. It slopes downward due to stores lowering the prices on their products.
ki ki ki ki ki ki ki ki ki ki ki
ANSWER: c ki
8. A downward-sloping demand curve implies:
ki ki ki ki
a. there is an inverse relationship between price and quantity demanded.
ki ki ki ki ki ki ki ki ki
b. there is a positive relationship between price and quantity demanded.
ki ki ki ki ki ki ki ki ki
c. there is no relationship between price and quantity demanded.
ki ki ki ki ki ki ki ki
d. buyers are willing to buy less when prices are lower.
ki ki ki ki ki ki ki ki ki
ANSWER: a ki
9. The law of demand refers to
ki ki ki ki ki
a. the positive relationship between price and quantity supplied.
ki ki ki ki ki ki ki
Page 4
ki
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Avanah. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €22,21. Je zit daarna nergens aan vast.
