Economics (ECON 1002)
Walden University
All 2 results
Sort by
-
ECON 1002 WEEK 5 QUIZ – QUESTION AND ANSWERS. 2021
- Exam (elaborations) • 4 pages • 2021
-
- $17.49
- + learn more
ECON 1002 WEEK 5 QUIZ – QUESTION AND ANSWERS 
•	Question 1 
3 out of 3 points 
 
 
	An industry in which a small number of large firms sell products that are either close or perfect substitutes is:			 
	Selected Answer: 	 
an oligopoly. 
Correct Answer: 	 
an oligopoly. 
			 
•	 Question 2 
3 out of 3 points 
 
 
	Which of the following characteristics distinguishes an imperfectly competitive industry from a perfectly competitive industry?			 
	Selected Answer: 	 
The ability of fir...
-
ECON 1002 FINAL EXAM – MGMT 3503 MICROECONOMICS WITH ANSWERS.2021
- Exam (elaborations) • 12 pages • 2021
-
- $26.39
- + learn more
ECON 1002 FINAL EXAM – MGMT 3503 MICROECONOMICS WITH ANSWERS 
Question 1 
0 out of 4 points 
 
 
	A demand curve:			 
	Selected Answer: 	 
shows the quantity of a good that buyers will purchase at each price. 
Correct Answer: 	 
all of the above. 
			 
 Question 2 
4 out of 4 points 
 
 
	The income effect that results from a price change is given by:			 
	Selected Answer: 	 
the change in quantity demanded of a good that results from the effect of a change in price on a buyer's purc...
Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia