版權(quán)說(shuō)明：本文檔由用戶(hù)提供并上傳，收益歸屬內(nèi)容提供方，若內(nèi)容存在侵權(quán)，請(qǐng)進(jìn)行舉報(bào)或認(rèn)領(lǐng)
文檔簡(jiǎn)介
Microeconomics9e(Parkin)
Chapter3DemandandSupply
1MarketsandPrices
1)Arelativepriceisthe
A)slopeofthedemandcurve.
B)differencebetweenonemoneypriceandanother.
C)slopeofthesupplycurve.
D)ratioofonemoneypricetoanother.
Answer:D
Topic:PriceandOpportunityCost
Skill:Recognition
AACSB:ReflectiveThinking
2)Therelativepriceofagoodis
A)anopportunitycost.
B)equaltothemoneypriceofagood.
C)equaltothepriceofthatgooddividedbythequantitydemandedofthegood.
D)whatyougetpaidforbabysittingyourcousin.
Answer:A
Topic:PriceandOpportunityCost
Skill:Recognition
AACSB:ReflectiveThinking
3)Arelativepriceis
A)thenumberofdollarsthatmustbegivenupinexchangeforthegood.
B)alsocalledthemoneyprice.
C)notanopportunitycost.
D)theratioofonepricetoanotherprice.
Answer:D
Topic:PriceandOpportunityCost
Skill:Recognition
AACSB:ReflectiveThinking
4)Allofthefollowingstatementsaretrueexcept:
A)Relativepricesaredeterminedinmarkets.
B)Arelativepriceisanopportunitycost.
C)Therelativepriceofagoodcanbecalculatedbymultiplyingitsmoneypricebyapriceindex.
D)Thetheoryofdemandandsupplyisconcernedwithadjustmentsinrelativeprices.
Answer:C
Topic:PriceandOpportunityCost
Skill:Conceptual
AACSB:ReflectiveThinking
5)Ifthemoneypriceofwheatincreasesandnootherpriceschange,the
A)relativepriceofwheatfalls.
B)opportunitycostofwheatrises.
C)demandforwheatincreases.
D)relativepriceofwheatisunaffected.
Answer:B
Topic:PriceandOpportunityCost
Skill:Conceptual
AACSB:ReflectiveThinking
6)Joepays$8,000.00intuition.The8,000dollartuitionJoepaysisanexampleofwhat
economistscall
A)arelativeprice.
B)amoneyprice.
C)anindexedprice.
D)anopportunityprice.
Answer:B
Topic:PriceandOpportunityCost
Skill:Conceptual
AACSB:ReflectiveThinking
7)ThepriceofaDVDrentaliscurrently$1.50andthepriceofaBlu-rayrentalis$2.50.Ifthe
priceofaDVDrentalincreasesby$0.5(),therelativepriceaBlu-rayrental
A)rises.
B)falls.
C)doesnotchange.
D)mightchangebutmoreinformationisneeded.
Answer:B
Topic:PriceandOpportunityCost
Skill:Conceptual
AACSB:ReflectiveThinking
8)ThepriceofaDVDrentaliscurrently$2.50andthepriceofaBlu-rayrentalis$4.00.Ifthe
priceofaDVDrentalfallsby$0.50,therelativepriceaBlu-rayrental
A)rises.
B)falls.
C)doesnotchange.
D)mightchangebutmoreinformationisneeded.
Answer:A
Topic:PriceandOpportunityCost
Skill:Conceptual
AACSB:ReflectiveThinking
9)Thepriceofafilmcamerais$150andthepriceofasimilardigitalcamerais$300,Whatis
therelativepriceofthedigitalcamera?
A)1/2ofafilmcamera
B)$150
C)2filmcameras
D)$150moreexpensivethanthefilmcamera
Answer:C
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
10)Ifthepriceofacandybaris$1andthepriceofafastfoodmealis$5,thenthe
A)relativepriceofacandybaris5fastfoodmeals.
B)moneypriceofacandybaris1/5ofafastfoodmeal.
C)relativepriceofafastfoodmealis5candybars.
D)moneypriceofafastfoodmealis1/5ofacandybar.
Answer:C
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
11)Ifthepriceofahotdogis$2andthepriceofahamburgeris$4,thenthe
A)relativepriceofahotdogis1/2ofahamburger.
B)moneypriceofahotdogis2hamburgers.
C)relativepriceofahamburgeris1/2ofahotdog.
D)moneypriceofahamburgeris2hotdogs.
Answer:A
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
12)TheopportunitycostofgoodAintermsofgoodBisequaltothe
A)moneypriceofgoodAminusthemoneypriceofgoodB.
B)moneypriceofgoodBminusthemoneypriceofgoodA.
C)ratioofthemoneypriceofgoodAtothemoneypriceofgoodB.
D)ratioofthemoneypriceofgoodBtothemoneypriceofgoodA.
Answer:C
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:ReflectiveThinking
13)Theopportunitycostofahotdogintermsofhamburgersisthe
A)ratiooftheslopeofthedemandcurveforhotdogstotheslopeofthedemandcurvefor
hamburgers.
B)ratiooftheslopeofthesupplycurveforhotdogstotheslopeofthesupplycurvefor
hamburgers.
C)moneypriceofahotdogminusthemoneypriceofahamburger.
D)ratioofthemoneypriceofahotdogtothemoneypriceofahamburger.
Answer:D
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:ReflectiveThinking
14)Supposethepriceofafootballis$20,00andthepriceofabasketballis$10.00.The
ofafootballis.
A)relativeprice;2basketballs
B)relativeprice;1/2basketball
C)opportunitycost;$20.00
D)opportunitycost;$10.00
Answer:A
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
15)Thepriceofabagofcornchipsis$3,andthepriceofabottleofsodais$1.Whatisthe
relativepriceofabagofcornchips?
A)3bottlesofsoda
B)1/3bottleofsoda
C)$3
D)330
Answer:A
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
16)Thepriceofabagofcornchipsis$3,andthepriceofabottleofsodais$1.Whatisthe
relativepriceofabottleofsoda?
A)3bagsofcornchips
B)1/3bagofcornchips
C)$3
D)330
Answer:B
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
17)Twentyyearsagoastovecost$300andarefrigeratorcost$1,500.Todayastovecosts$600,
whilearefrigeratorcosts$1,800.Whichofthefollowingstatementsistrue?
A)Therelativepriceofstovesandrefrigeratorshasnotchanged.
B)Therelativepriceofarefrigeratorhasincreased.
C)Therelativepriceofastovehasincreased.
D)Themoneypriceofarefrigeratorhasfallen.
Answer:C
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
18)TheABCMusicclubchargesapriceof$8foracassetteand$16foraCD.ForanABC
MusicClubmember,theopportunitycostofaCDis
A)2cassettes.
B)2cassettesplus$16.
C)1/2acassette.
D)Noneoftheaboveanswersiscorrect.
Answer:A
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
19)Theopportunitycostofagoodisthesameasits
A)moneyprice.
B)relativeprice.
C)priceindex.
D)noneoftheabove
Answer:B
Topic:StudyGuideQuestion,PriceandOpportunityCost
Skill:Conceptual
AACSB:ReflectiveThinking
20)Themoneypriceofapizzais$12perpizzaandthemoneypriceofatacois$2pertaco.The
relativepriceofapizzais
A)$12perpizza.
B)$24perpizza.
C)6tacosperpizza.
D)1/6pizza.
Answer:C
Topic:StudyGuideQuestion,PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
21)Arelativepriceis
A)apriceexpressedintermsofmoney.
B)whatyougetpaidforbabysittingyourcousin.
C)theratioofonemoneypricetoanother.
D)equaltoamoneyprice.
Answer:C
Topic:PriceandOpportunityCost
Skill:Recognition
AACSB:ReflectiveThinking
22)Anicecreamconecosts$1.50.Acanofsodacosts$0.75.Therelativepriceofanicecream
coneis
A)1/2canofsoda,theopportunitycostofanicecreamcone.
B)$1.50,theopportunitycostofacanofsoda.
C)2cansofsoda,theopportunitycostofanicecreamcone.
D)$0.75,theopportunitycostofacanofsoda.
Answer:C
Topic:PriceandOpportunityCost
Skill:Analytical
AACSB:AnalyticalSkills
2Demand
1)Wants,asopposedtodemands,
A)aretheunlimiteddesiresoftheconsumer
B)arethegoodstheconsumerplanstoacquire.
C)arethegoodstheconsumerhasacquired.
D)dependontheprice.
Answer:A
Topic:Demand
Skill:Recognition
AACSB:ReflectiveThinking
2)Demandsdifferfromwantsbecause
A)demandsareunlimited,whereaswantsarelimitedbyincome.
B)wantsrequireaplantoacquireagoodbutdemandsrequirenosuchplan.
C)wantsimplyadecisionaboutwhichdemandstosatisfy,whiledemandsinvolvenospecific
plantoacquirethegood.
D)demandsreflectadecisionaboutwhichwantstosatisfyandaplantobuythegood,while
wantsareunlimitedandinvolvenospecificplantoacquirethegood.
Answer:D
Topic:Demand
Skill:Conceptual
AACSB:ReflectiveThinking
3)Scarcityguaranteesthat
A)demandswillexceedwants.
B)wantswillexceeddemands.
C)demandswillbeequaltowants.
D)mostdemandswillbesatisfied.
Answer:B
Topic:Demand
Skill:Conceptual
AACSB:ReflectiveThinking
4)Thequantitydemandedis
A)alwaysequaltotheequilibriumquantity.
B)independentofthepriceofthegood.
C)theamountofagoodthatconsumersplantopurchaseataparticularprice.
D)independentofconsumers1buyingplans.
Answer:C
Topic:Demand
Skill:Recognition
AACSB:ReflectiveThinking
5)Whengraphingademandcurveforcorn,weareshowingtherelationshipbetweenthe
quantitydemandedofcornandthe
A)moneypriceofcorn.
B)relativepriceofcorn.
C)incomeeffect.
D)substitutioneffect.
Answer:B
Topic:LawofDemand
Skill:Recognition
AACSB:ReflectiveThinking
6)The"lawofdemand"statesthatchangesin
A)demandarerelateddirectlytochangesinsupply.
B)thequantitydemandedofagoodarenotrelatedtochangesinthequantitysupplied.
C)thequantitydemandedofagoodareinverselyrelatedtochangesinitsprice.
D)demandareinverselyrelatedtochangesinsupply.
Answer:C
Topic:LawofDemand
Skill:Recognition
AACSB:ReflectiveThinking
7)The"lawofdemand"isillustratedbya
A)rightwardshiftofthedemandcurve.
B)leftwardshiftofthedemandcurve.
C)movementalongthedemandcurve.
D)BothanswersAandBarecorrect.
Answer:C
Topic:LawofDemand
Skill:Conceptual
AACSB:AnalyticalSkills
8)The"lawofdemand"referstothefactthat,allotherthingsremainingthesame,whenthe
priceofagoodrises
A)thedemandcurveshiftsrightward.
B)thedemandcurveshiftsleftward.
C)thereisamovementdownalongthedemandcurvetoalargerquantitydemanded.
D)thereisamovementupalongthedemandcurvetoasmallerquantitydemanded.
Answer:D
Topic:LawofDemand
Skill:Conceptual
AACSB:AnalyticalSkills
9)The"lawofdemand"statesthat,otherthingsremainingthesame,thequantitydemandedof
anygoodis
A)inverselyrelatedtoitsprice.
B)directlyrelatedtoitsprice.
C)positivelyrelatedtoitsprice.
D)directlyrelatedtothesupplyofthegood.
Answer:A
Topic:LawofDemand
Skill:Recognition
AACSB:ReflectiveThinking
10)The"lawofdemand"mostdirectlymeansthatconsumersbuy
A)moreofagoodthehighertheirincomes.
B)lessofagoodthehigheritsprice.
C)buymoreofagoodthelessisitssupply.
D)buylessofagoodthegreaterisitssupply.
Answer:B
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
11)The"lawofdemand"statesthat,otherthingremainingthesame,thehigher
A)thepriceofagood,theloweristhedemandforthisgood.
B)consumers*incomes,thegreateristhedemand.
C)thepriceofagood,thehigheristhequantitydemanded.
D)thepriceofagood,thesmalleristhequantitydemanded.
Answer:D
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
12)The"lawofdemand"predictsthat,otherthingsbeingequal,
A)anincreaseinthepriceofCDsdecreasesthedemandforCDs.
B)adecreaseinthepriceofgasolinedecreasesthequantityofgasolinedemanded.
C)anincreaseinthepriceofpizzadecreasesthequantityofpizzademanded.
D)anincreaseinthepriceofcoffeedecreasesthequantityofteademanded.
Answer:C
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
13)Thelawofdemandstatesthat
A)anincreaseinthepriceofagoodshiftsthedemandcurveleftward.
B)adecreaseinthepriceofagoodshiftsthedemandcurveleftward.
C)otherthingremainingthesame,thehigherthepriceofagood,thelargeristhequantity
demanded.
D)otherthingsremainingthesame,thehigherthepriceofagood,thesmalleristhequantity
demanded.
Answer:D
Topic:LawofDemand
Skill:Recognition
AACSB:ReflectiveThinking
14)Thelawofdemandimpliesthatdemandcurves
A)slopedown.
B)slopeup.
C)shiftrightwardwheneverthepricerises.
D)shiftleftwardwheneverthepricerises.
Answer:A
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
15)Thelawofdemandstatesthat,otherthingsremainingthesame,thehigherthepriceofa
good,the
A)smalleristhedemandforthegood.
B)largeristhedemandforthegood.
C)smalleristhequantityofthegooddemanded.
D)largeristhequantityofthegooddemanded..
Answer:C
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
16)Thelawofdemandimpliesthat,otherthingsremainingthesame,
A)asthepriceofacheeseburgerrises,thequantityofcheeseburgersdemandedwillincrease.
B)asthepriceofacheeseburgerrises,thequantityofcheeseburgersdemandedwilldecrease.
C)asincomeincreases,thequantityofcheeseburgersdemandedwillincrease.
D)asthedemandforcheeseburgersincreases,thepriceofacheeseburgerwillfall.
Answer:B
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
17)Thelawofdemandstatesthatthequantityofagooddemandedvaries
A)inverselywithitsprice.
B)inverselywiththepriceofsubstitutegoods.
C)directlywithincome.
D)directlywithpopulation.
Answer:A
Topic:LawofDemand
Skill:Conceptual
AACSB:ReflectiveThinking
18)Whichofthefollowingisconsistentwiththelawofdemand?
A)AnincreaseinthepriceofaDVDcausesanincreaseinthequantityofDVDsdemanded.
B)Anincreaseinthepriceofasodacausesadecreaseinthequantityofsodademanded.
C)Adecreaseinthepriceofagallonofmilkcausesadecreaseinthequantityofmilk
demanded.
D)Adecreaseinthepriceofjuicecausesnochangeinthequantityofjuicedemanded.
Answer:B
Topic:LawofDemand
Skill:Conceptual
AACSB:Communication
19)Thelawofdemandimpliesthatifnothingelsechanges,thereis
A)apositiverelationshipbetweenthepriceofagoodandthequantitydemanded.
B)anegativerelationshipbetweenthepriceofagoodandthequantitydemanded.
C)alinearrelationshipbetweenpriceofagoodandthequantitydemanded.
D)anexponentialrelationshipbetweenpriceofagoodandthequantitydemanded.
Answer:B
Topic:LawofDemand
Skill:Analytical
AACSB:AnalyticalSkills
20)Whichofthefollowingwilloccurinthemarketforsoftdrinksifthemoneypriceofsoft
drinksincreases?
I.Therelativepriceofsoftdrinksincreases.
ILThesubstitutioneffectmaycausepeopletoswitchtodrinkingbottledwater.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:C
Topic:Demand;SubstitutionEffect
Skill:Recognition
AACSB:ReflectiveThinking
21)Astheopportunitycostofagoodfalls,thesubstitutioneffectimpliesthatpeoplebuy
A)lessofthatgoodandmoreofitssubstitutes.
B)moreofthatgoodandlessofitssubstitutes.
C)lessofthatgoodandlessofitssubstitutes.
D)moreofthatgoodandmoreofitssubstitutes.
Answer:B
Topic:Demand;SubstitutionEffect
Skill:Conceptual
AACSB:ReflectiveThinking
22)Ifthepriceofanappleincreases,
A)itsopportunitycostdecreases.
B)itsopportunitycostincreases.
C)thesubstitutioneffectdoesnotoccur.
D)theincomeeffectdoesnotoccur.
Answer:B
Topic:Demand;SubstitutionEffect
Skill:Conceptual
AACSB:Communication
23)Whenthepriceofapizzadecreasesfrom$12to$10,itisdefinitelythecasethatthe
A)incomeeffectmeanspeoplebuylesspizza.
B)substitutioneffectmeanspeoplebuymorepizza.
C)quantitydemandedofpizzawillnotchange.
D)Noneoftheaboveanswersiscorrect.
Answer:B
Topic:Demand;SubstitutionEffect
Skill:Conceptual
AACSB:Communication
24)Thepriceofcerealrises.Asaresult,peoplehavecerealforbreakfastonfewerdaysandeat
eggsinstead.Thisbehaviorisanexampleof
A)adecreaseinthequantitydemandedofcerealbecauseofthesubstitutioneffect.
B)anincreaseinthequantitydemandedofeggsbecauseoftheincomeeffect.
C)adecreaseinthequantitysuppliedofcerealbecauseofthesubstitutioneffect.
D)anincreaseinthequantitysuppliedofeggsbecauseoftheincomeeffect.
Answer:A
Topic:Demand;SubstitutionEffect
Skill:Conceptual
AACSB:Communication
25)Inthemarketformagazines,the"incomeeffect"meansthat
A)magazinesareusuallypurchasedbypeoplewithhigherthanaverageincomes.
B)adecreaseinthepriceofasubstituteproductlikebookswillmakemagazinereadersfeela
littlepoorerthantheywerebefore.
C)anincreaseinthepriceofmagazineswillreducethetotalpurchasingpowerofmagazine
readers,makingthemabletoaffordfewermagazines.
D)anincreaseinthepriceofmagazineswillraisetherelativepriceofmagazinestobooks,
causingmagazinereaderstoreadmorebooksandfewermagazines.
Answer:C
Topic:Demand;IncomeEffect
Skill:Recognition
AACSB:ReflectiveThinking
26)The"incomeeffect"inthemarketforaspirinmeansthat
A)aspirinaregenerallytakenbypeoplewithhigherthanaverageincomes.
B)adecreaseinthepriceofasubstitutegoodlikeacetaminophenwillmakeaspirintakersfeela
littlepoorerthantheywerebefore.
C)anincreaseinthepriceofaspirinwillreducethetotalpurchasingpowerofaspirintakers,
makingthemabletoaffordfeweraspirin.
D)anincreaseinthepriceofaspirinwillcauseheadachesuffererstolookforalowerpriced
remedy.
Answer:C
Topic:Demand;IncomeEffect
Skill:Recognition
AACSB:ReflectiveThinking
27)Whenthepriceofapizzadecreasesfrom$14to$12,
A)theincomeeffectmeanspeoplebuylesspizza.
B)theincomeeffectpointsoutthatthetotalpurchasingpowerofpeoplewhobuypizza
increases.
C)thequantitydemandedofpizzawillnotchange.
D)Noneoftheaboveanswersiscorrect.
Answer:B
Topic:Demand;IncomeEffect
Skill:Conceptual
AACSB:ReflectiveThinking
28)Pizzaisanormalgood.Whenthepriceofapizzadecreasesfrom$14to$12,
A)theincomeeffectmeanspeoplebuylesspizza.
B)theincomeeffectmeanspeoplebuymorepizza.
C)thequantitydemandedofpizzawillnotchange.
D)Noneoftheaboveanswersiscorrect.
Answer:B
Topic:Demand;IncomeEffect
Skill:Conceptual
AACSB:ReflectiveThinking
29)Whenthepriceofagoodfalls,theincomeeffectforanormalgoodimpliesthatpeoplebuy
A)lessofthatgoodbecausetherelativepriceofthegoodhasfallen.
B)moreofthatgoodbecausetherelativepriceofthegoodhasrisen.
C)lessofthatgoodbecausetheycannotaffordtobuyallthethingstheypreviouslybought.
D)moreofthatgoodbecausetheycanaffordtobuymoreofallthethingstheypreviously
bought.
Answer:D
Topic:Demand;IncomeEffect
Skill:Analytical
AACSB:ReflectiveThinking
30)Whenthepriceofagoodfalls,theincomeeffectforaninferiorgoodimpliesthatpeoplewill
buy
A)lessofthatgoodbecausetherelativepriceofthegoodhasfallen.
B)moreofthatgoodbecausetherelativepriceofthegoodhasrisen.
C)lessofthatgoodbecausetheycanaffordtobuymoreofthethingstheypreviouslybought.
D)moreofthatgoodbecausetheycanaffordtobuymoreofthethingstheypreviouslybought.
Answer:C
Topic:Demand;IncomeEffect
Skill:Analytical
AACSB:AnalyticalSkills
31)Ifthepriceofanappleincreasesfrom500to600,thequantitydemandedwilldecrease
becauseof
A)thesubstitutioneffectonly.
B)theincomeeffectonly.
C)achangeinincome.
D)thesubstitutionandincomeeffects.
Answer:D
Topic:Demand;IncomeandSubstitutionEffects
Skill:Recognition
AACSB:AnalyticalSkills
32)Whichofthefollowingexplainswhydemandcurvesslopedownward?
A)pricesandincome
B)substitutesandcomplements
C)resourcesandtechnology
D)substitutioneffectandincomeeffect
Answer:D
Topic:Demand;IncomeandSubstitutionEffects
Skill:Conceptual
AACSB:ReflectiveThinking
33)TheABCMusicclubchargesapriceof$16foraCDand$8foracassette.BothCDsand
cassettesarenormalgoods.IftheABCMusicclubincreasesthepriceofaCDto$18,everything
elseremainingthesame,the
A)substitutioneffectinducesclubmemberstobuymorecassettesandfewerCDs.
B)incomeeffectinducesclubmemberstobuyfewerCDs.
C)substitutioneffectinducesclubmemberstobuymoreCDsandfewercassettes.
D)BothanswersAandBarecorrect.
Answer:D
Topic:Demand;IncomeandSubstitutionEffects
Skill:Analytical
AACSB:AnalyticalSkills
34)Whenthepriceofaninferiorgoodfalls,thesubstitutioneffectleadstointhe
quantitypurchasedandtheincomeeffectleadstointhequantitypurchased.
A)anincrease;anincrease
B)anincrease;adecrease
C)adecrease;anincrease
D)adecrease;adecrease
Answer:B
Topic:Demand;IncomeandSubstitutionEffects
Skill:Analytical
AACSB:AnalyticalSkills
35)Whenthepriceofanormalgoodfalls,thesubstitutioneffectleadstointhe
quantitypurchasedandtheincomeeffectleadstointhequantitypurchased.
A)anincrease;anincrease
B)anincrease;adecrease
C)adecrease;anincrease
D)adecrease;adecrease
Answer:A
Topic:Demand;IncomeandSubstitutionEffects
Skill:Analytical
AACSB:AnalyticalSkills
36)Whichofthefollowinginfluencespeople'sbuyingplansanddoesnotshiftthedemand
curve?
A)thepriceofthegood
B)thepricesofrelatedgoods
C)income
D)preferences
Answer:A
Topic:DemandCurveandDemandSchedule
Skill:Recognition
AACSB:AnalyticalSkills
37)Thenegativeslopeofthedemandcurveindicatesthatthereisrelationship
betweenthepriceandthequantitydemanded.
A)adirect
B)aninverse
C)apositive
D)norelationship
Answer:B
Topic:DemandCurveandDemandSchedule
Skill:Conceptual
AACSB:AnalyticalSkills
38)Eachpointonthedemandcurvereflects
A)allthewantsofagivenhousehold.
B)thehighestpriceconsumersarewillingandabletopayforthatparticularunitofagood.
C)thehighestpricesellerswillacceptforallunitstheyareproducing.
D)thelowest-costtechnologyavailabletoproduceagood.
Answer:B
Topic:WillingnessandAbilitytoPay
Skill:Conceptual
AACSB:ReflectiveThinking
39)Asubstituteisagood
A)thatcanbeusedinplaceofanothergood.
B)thatisnotusedinplaceofanothergood.
C)oflowerqualitythananothergood.
D)ofhigherqualitythananothergood.
Answer:A
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Recognition
AACSB:ReflectiveThinking
40)Peoplebuymoreofgood1whenthepriceofgood2rises.Thesegoodsare
A)complements.
B)substitutes.
C)normalgoods.
D)inferiorgoods.
Answer:B
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Conceptual
AACSB:ReflectiveThinking
41)Whichofthefollowingpairsofgoodsaremostlikelysubstitutes?
A)DVDsandDVDplayers
B)colaandlemonlimesoda
C)lettuceandsaladdressing
D)peanutbutterandgasoline
Answer:B
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Recognition
AACSB:ReflectiveThinking
42)Acomplementisagood
A)oflowerqualitythananothergood.
B)usedinconjunctionwithanothergood.
C)usedinsteadofanothergood.
D)ofhigherqualitythananothergood.
Answer:B
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Recognition
AACSB:ReflectiveThinking
43)Supposepeoplebuymoreofgood1whenthepriceofgood2falls.Thesegoodsare
A)complements.
B)substitutes.
C)normal.
D)inferior.
Answer:A
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Conceptual
AACSB:ReflectiveThinking
44)Changesinwhichofthefollowingshiftthedemandcurveforhamburgers?
A)anincreaseinthepriceofthemeatusedtoproducehamburgers
B)animprovementintheproductivityofhamburger-makingmachines
C)afallinthepriceoffrenchfries,acomplementforhamburgers
D)anincreaseinthenumberofhamburgerrestaurants
Answer:C
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Recognition
AACSB:AnalyticalSkills
45)Whichofthefollowingshiftsthedemandcurvefororanges?
A)disastrousweatherthatdestroysabouthalfofthisyear'sorangecrop
B)adecreaseinthepriceofapoundofbananas,asubstituteinconsumptionfororanges
C)anincreaseinthepriceofthefuelusedtotransportorangestosupermarkets
D)greatweatherthatproducesabumperorangecropthisyear
Answer:B
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Conceptual
AACSB:AnalyticalSkills
46)WhathappenstothedemandforDVDsifthepriceofaDVDplayerfalls?
A)ThedemandfbrDVDsdecreasesbecausethepriceofasubstitutefalls.
B)ThedemandforDVDsincreasesbecausethepriceofacomplementfalls.
C)ThedemandforDVDsdecreasesbecausethepriceofacomplementfalls.
D)ThedemandforDVDsremainsunchanged.
Answer:B
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Conceptual
AACSB:AnalyticalSkills
47)Oatmealisaninferiorgoodandcoldcerealisasubstituteforoatmeal.Raisinsarea
complementforoatmeal.Whichofthefollowingincreasesthedemandforoatmeal?
A)anincreaseinthepriceofraisins
B)anincreaseinincome
C)adecreaseinpopulationsize
D)anincreaseinthepriceofcoldcereal
Answer:D
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Conceptual
AACSB:AnalyticalSkills
48)Whichofthefollowingshiftsthedemandcurveforhotdogsleftward?
A)anincreaseinthepriceofahotdogbun
B)adecreaseinthepriceofahotdogbun
C)anincreaseinthepriceofahotdog
D)anincreaseinthepriceofahamburger
Answer:A
Topic:ChangeinDemand,PricesofRelatedGoods
Skill:Conceptual
AACSB:AnalyticalSkills
49)IfthepriceofproductXfallsandthischangeincreasesthedemandforproductY,then
A)XandYarecomplements.
B)XandYa
溫馨提示
- 1. 本站所有資源如無(wú)特殊說(shuō)明，都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請(qǐng)下載最新的WinRAR軟件解壓。
- 2. 本站的文檔不包含任何第三方提供的附件圖紙等，如果需要附件，請(qǐng)聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶(hù)所有。
- 3. 本站RAR壓縮包中若帶圖紙，網(wǎng)頁(yè)內(nèi)容里面會(huì)有圖紙預(yù)覽，若沒(méi)有圖紙預(yù)覽就沒(méi)有圖紙。
- 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
- 5. 人人文庫(kù)網(wǎng)僅提供信息存儲(chǔ)空間，僅對(duì)用戶(hù)上傳內(nèi)容的表現(xiàn)方式做保護(hù)處理，對(duì)用戶(hù)上傳分享的文檔內(nèi)容本身不做任何修改或編輯，并不能對(duì)任何下載內(nèi)容負(fù)責(zé)。
- 6. 下載文件中如有侵權(quán)或不適當(dāng)內(nèi)容，請(qǐng)與我們聯(lián)系，我們立即糾正。
- 7. 本站不保證下載資源的準(zhǔn)確性、安全性和完整性, 同時(shí)也不承擔(dān)用戶(hù)因使用這些下載資源對(duì)自己和他人造成任何形式的傷害或損失。
最新文檔
- GB/T 46813-2025新能源多場(chǎng)站短路比計(jì)算導(dǎo)則
- 廣東省珠海市金灣區(qū)2025-2026學(xué)年度第一學(xué)期期末七年級(jí)地理試題（無(wú)答案）
- 養(yǎng)老院入住資格審核制度
- 信息安全與保密管理制度
- 空調(diào)公司管理制度廣告宣傳管理規(guī)定樣本
- 乙烯裝置操作工崗后知識(shí)考核試卷含答案
- 我國(guó)上市公司獨(dú)立董事薪酬激勵(lì)制度：現(xiàn)狀、問(wèn)題與優(yōu)化路徑
- 我國(guó)上市公司換股合并中股東主動(dòng)退出制度的多維審視與完善路徑
- 助聽(tīng)器驗(yàn)配師持續(xù)改進(jìn)考核試卷含答案
- 硅烷法多晶硅制取工崗前創(chuàng)新實(shí)踐考核試卷含答案
- 2025年黑龍江省大慶市中考數(shù)學(xué)試卷
- 2025年廣西職業(yè)師范學(xué)院招聘真題
- 山東煙草2026年招聘（197人）考試備考試題及答案解析
- 中遠(yuǎn)海運(yùn)集團(tuán)筆試題目2026
- 扦插育苗技術(shù)培訓(xùn)課件
- 妝造店化妝品管理制度規(guī)范
- 婦產(chǎn)科臨床技能：新生兒神經(jīng)行為評(píng)估課件
- 基本農(nóng)田保護(hù)施工方案
- 股骨頸骨折患者營(yíng)養(yǎng)護(hù)理
- 二級(jí)醫(yī)院醫(yī)療設(shè)備配置標(biāo)準(zhǔn)
- 北師大版（2024）小學(xué)數(shù)學(xué)一年級(jí)上冊(cè)期末綜合質(zhì)量調(diào)研卷（含答案）
評(píng)論
0/150
提交評(píng)論