Module 2: MS Homework Questions and answers 100%
correct 2026
1.Price of oranges de- Suppose that oranges and apples are close substitutes.
If thedecreases,
creases; quantity of or- ples price of ap- the equilibrium price and
quantity of oranges are expected
anges decreasesto change in which of the following ways?
2.The marginal utilityWhich
decreases as ofof
the following
stand best explains
up paddle boardsthe reason
for a downward sloping
addition-al units of changes because the price of stand up
the good are pad-dle boards is mea-
consumed
3. An increase in the
price of cocoa
butter, a by-
product of the pro-
duction of
chocolate
4. a complement
for good X.
5. surpluses of
products if the
price floor is
above the
equilibrium price.
6. considers hand
bags to be a
normal good.
7. does not shift
when the price
1/
7
,demand curve for a good?
Which of the following will cause
supply of chocolate to increase?
If an increase in the price of good
X causes a decrease in demand
for good Y, good Y is
An ettective price floor will most likely
result in
Last year, Gina bought 6 hand
bags when her income was
$50,000. This year, her income
is $55,000, and she purchased
10 hand bags. Holding other
factors constant, it follows that
Gina
The supply curve for stand up paddle
boards
2/
7
correct 2026
1.Price of oranges de- Suppose that oranges and apples are close substitutes.
If thedecreases,
creases; quantity of or- ples price of ap- the equilibrium price and
quantity of oranges are expected
anges decreasesto change in which of the following ways?
2.The marginal utilityWhich
decreases as ofof
the following
stand best explains
up paddle boardsthe reason
for a downward sloping
addition-al units of changes because the price of stand up
the good are pad-dle boards is mea-
consumed
3. An increase in the
price of cocoa
butter, a by-
product of the pro-
duction of
chocolate
4. a complement
for good X.
5. surpluses of
products if the
price floor is
above the
equilibrium price.
6. considers hand
bags to be a
normal good.
7. does not shift
when the price
1/
7
,demand curve for a good?
Which of the following will cause
supply of chocolate to increase?
If an increase in the price of good
X causes a decrease in demand
for good Y, good Y is
An ettective price floor will most likely
result in
Last year, Gina bought 6 hand
bags when her income was
$50,000. This year, her income
is $55,000, and she purchased
10 hand bags. Holding other
factors constant, it follows that
Gina
The supply curve for stand up paddle
boards
2/
7
