Question 1

In 2004,the worldwide demand curve for cement moved to the right.What does this mean?

Accepted Answer

A)  At any price, the quantity demanded was lower. 
B)  At any price, the quantity demanded was higher. 
C)  At a given price, the quantity demanded was lower. 
D)  At a given price, the quantity demanded remained unchanged. 
A)  At any price, the quantity demanded was lower. 
B)  At any price, the quantity demanded was higher. 
C)  At a given price, the quantity demanded was lower. 
D)  At a given price, the quantity demanded remained unchanged.

Question 2

With inferior goods,demand will increase with an increase in income.

Accepted Answer

A) True 
 B)False

Question 3

What are three potential causes of market shifts in a given economy?

Accepted Answer

Technological change,globaliza

Question 4

Most markets,if left alone,will tend toward

Accepted Answer

A)  equilibrium price. 
B)  market demand. 
C)  market price. 
D)  equilibrium balance. 
A)  equilibrium price. 
B)  market demand. 
C)  market price. 
D)  equilibrium balance.

In 2004,the worldwide demand curve for cement moved to the right.What does this mean?

With inferior goods,demand will increase with an increase in income.

What are three potential causes of market shifts in a given economy?

Most markets,if left alone,will tend toward

Introduction

Demand and Supply: The Basics of the Market Economy

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Inflation

Growth

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters

Exam 3: Market Equilibrium and Shifts

In 2004,the worldwide demand curve for cement moved to the right.What does this mean?

With inferior goods,demand will increase with an increase in income.

What are three potential causes of market shifts in a given economy?

Most markets,if left alone,will tend toward

Introduction

Demand and Supply: The Basics of the Market Economy

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Inflation

Growth

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters