Eco212 Ouiz

ECO/212 Principles of Economics Quiz Name: __Natalie Davis________________________ Due Day 7 (Monday, 02/06/2012): Supply, require and Price Elasticity, Market Structures, and Factor Markets (Week 1 & 2 Reading Materials). Quiz (10 points): You have 50 multiple-choice questions on Supply, Demand and Price Elasticity. This is an open book quiz to permit you be equipped with basic concepts of economics. 1. Academic Integrity standards slang to the completion of this assignment. This quiz must be finish on an individual basis. No collaboration with other people is permitted. 2. If you atomic number 18 approached by another student for help or to canvass answers, please privately report their behavior to the instructor. 3. Post the completed assignment in your individual forum. The quiz is due by 11:59 PM (AST/MST) of 02-06-2012 (Monday). 4. Post questions about the quiz in the General Questions Thread of the Main forum. 5. Please bank line this quiz is worth 10 points (10%) out of 100 points for the completed class. 6. Post your answer sheet by clicking on the Assignments handicap on your eCampus screen. Missed: | Your Score: | Multiple Choice Questions Q1. A higher price for batteries would result in a(n) a.

decrease in the requisite for flashlights. b.increase in the demand for batteries. c.increase in the demand for flashlights. d.decrease in the demand for batteries. ANS: __d__ Q2. You overleap your job and as a result you buy fewer romance novels. This shows that you consider romance novels to be a(n) a.luxury good. b. low-level good. c.normal good. d.complementary good. ANS: ___c_ Q3. Ford Motor lodge announces that it will offer $3,000 rebates on new Mustangs starting adjacent month. As a result of this information, todays demand curve for Mustangs a.shifts to the right. b.shifts to the left. c.shifts either to the right or to the left, but we cannot encounter the... If you want to get a full essay, order it on our website: Orderessay

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