ECE 644

Multiple Choice Questions 1. In a competitive market, the market demand is Qd = 60 - 6P and the market supply is Qs = 4P. A price ceiling of $3 will result in a A. shortage of 30 units. B. shortage of 15 units. C. surplus of 30 units. D. surplus of 12 units. 2. In a competitive market, the market demand is Qd = 60 - 6P and the market supply is Qs = 4P. The full economic price under a price ceiling of $3 is A. 6. B. 7. C. 8. D. 9. 3. The buyer side of the market is known as t...

vThe "father" of atomic materialism was 1) _______ A) Democritus. B) Newton. C) Plato. D) Ptolemy. E) Kepler. A 2) The Greek model of the atom should be classified as 2) _______ A) an experimental fact. B) a useless falsehood. C) an observation. D)