equilibrium market price

1. An example of a price ceiling would be the government setting the price of sugar
A) above the equilibrium market price.
B) at the equilibrium market price.
C) below the equilibrium market price.
D) beyond what anyone could pay
2. A surplus will occur if a is set the equilibrium price.
A) price floor; below
B) price floor; above
C) price ceiling; above
D) price ceiling; below
3.The ABC Computer Company wants to increase the quantity of computers it sells by
5%. If the price elasticity of demand is -2.5, the company must
A) increase price by 2.0%.
B) decrewe price by 2.0%.
C) increase price by 0.5%.
D) decrease price by 0.5%.
4.When the price of fi’esh fish increases 10%, quantity demanded decreases 5%. The
price elasticity of demand for fresh fish is and total revenue from fresh fish
sales will
A) inelastic; increase
B) inelastic; decrease
C) elastic; decrmse
D) elastic; increase
5. Inresponsetonews reponsthattakingaspirindailyicanredticeanindiviclmfsriskofa
heart attack, there will most likely be a(n)
A) increase in the supply of
B) decreaseinthesupplyofaspirin.
C) increase in the demand for aspirin.
D) increase in the quantity demanded ofaspirin.
6.9/hich ofthefollowing wi1lNOTcauseashiftinthedemandcurvefczDVDs?
A) a change in income
B) a change in wealth
C)achangeintheprieeofBlu-mydiscs
D) a change in the mice of DVDS
7.S:mposcdnttheequiHbrium
mouth Thedtyaoundl
warneuaazfinatiflbflpermonth. mawfliisdnzaionusingag-gab.
ctlfiulflwfiaizmand the eeecrortuepmecailmcunthc
lsdismmomemcient? whyonvhgvnot? ) 5 C

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂