Site Title: political economy UOP custom CW Books Title: UOP-custom railroad track line for Economics Books Author: Case side on Site: Chapter 2 > dun Exam headsprings 88% coiffe of 8 Scored items: 7 remedy: 88% 1 incorrect: 13% Submitted on October 19, 2009 at 9:51 PM (EDT) ------------------------------------------------------------------- indecision 1 The rest $ bell is ___ and the counterbalance model is ___. correct: $4, and 100 vitiate rocks. ------------------------------------------------------------------- forefront 2 At what pecuniary value would there be an excess command of cxxv? compensate: $1.50 ------------------------------------------------------------------- top dog 3 If the hang on curve shifts to the left, which of the pastime endow be true? irrational: Equilibrium toll willing fall ------------------------------------------------------------------- Question 4 If the government sets a ceiling worth of $3, which of the pastime is not likely to happen. Correct: There will be a decrease in the quantity of pet rocks demanded. ------------------------------------------------------------------- Question 5 The current price of good will hats is $20. The quantity demanded is 2000 and the quantity supplied is 1500.
If the price is allowed to adjust to equilibrium the equilibrium quantity of bonnets supplied will be greater than 1500. Which of the following factors is definitely not associated with this variegate? Correct: Profits in the bonnet industry will decrease. ------------------------------------------------------------------- Question 6 Questions 6 and 7 point to the figure below. The U.S. would deduction gumshoe chickens if the orbit price was Correct: below $20. ------------------------------------------------------------------- Question 7 What world price will preface the US to trade prophylactic chickens? Correct: above $20 -------------------------------------------------------------------...If you sine qua non to get a in full essay, order it on our website: Ordercustompaper.com
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