Macroeconomics

1. When the market price is high than the labyrinthine sense price, at that place is: (Points: 5) a surplus. a shortage. both a shortage and a surplus. uncomplete a shortage nor a surplus. 2. A settle in request means that bar demanded falls: (Points: 5) at least one price. at a few prices. at most(prenominal) prices. at all prices. 3. If the market price is below rest price, quantity demanded: (Points: 5) is less than quantity supplied. is equal to quantity supplied. is not bad(p) than quantity supplied. remains the same. 4. At equilibrium, quantity demanded __________ equals quantity supplied. (Points: 5) ever usually sometimes never 5. When the market price is higher up equilibrium price, the market price allow be dictated: (Points: 5) up by buyers. up by sellers. dash off by buyers down by sellers. 6. Changes in demand are caused by each of the following EXCEPT changes in: (Points: 5) income. th e prices of cogitate goods and services. tastes and preferences. supply. 7. An profit in the price of a complement will consequent in a(n) __________ for the merchandise. (Points: 5) decrease in the quantity demanded add on in the quantity demanded decrease in the demand append in the demand 8.

If deep brown is a sub for tea leaf, and the price of coffee bean rises, what will happen? (Points: 5) lead for tea will decrease. Demand for tea will increase. The quantity demanded of coffee will rise. The quantity demanded of tea will decrease. 9. The most authorised determinant of the grad of elasticity of demand is: (Points: 5) whether or not the item is a big ticket item. whether or not! the item is a luxury or not. how many uses the product has. the availability of substitutes. 10. If a car dealership decides to offer a rebate to overthrow the selling price of its cars and as a result finds an increase in its total revenues, then the demand for cars from this dealership is: (Points: 5) price...If you urgency to get a full essay, modulate it on our website: OrderEssay.net

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