Joe Pellerito
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Dashboard / My courses / ECON528-850-202520 / Module 5 / Module 5: Quiz
Started on Wednesday, September 25, 2024, 1:37 PM
State Finished
Completed on Wednesday, September 25, 2024, 1:39 PM
Time taken 2 mins 23 secs
Grade 10.00 out of 10.00 (100%)
Question 1 Correct 1.00 points out of 1.00
If a producer is not able to expand its plant capacity immediately, it is
Select one:
a. operating in the long run.
b. losing money.
c. bankrupt.
d. operating in the short run.
Your answer is correct.
The correct answer is: operating in the short run.
, Question 2 Correct 1.00 points out of 1.00 Back to Top
Assume the market for organically-grown produce is perfectly competitive. All else equal, as farmers find it less profitable to
produce and sell organic produce in this market
Select one:
a. the demand curve will shift to the left and the equilibrium price will decrease.
b. the supply curve will shift to the right, the demand curve will shift to the left, and the equilibrium price will decrease.
c. the supply curve will shift to the left and the equilibrium price will increase.
d. the supply curve will shift to the left, the demand curve will shift to the left, and the equilibrium price will increase.
Your answer is correct.
The correct answer is: the supply curve will shift to the left and the equilibrium price will increase.
Menu FACULTY SUPPORT STUDENT SUPPORT MY BOOKS MY GRADES MY COURSES
Dashboard / My courses / ECON528-850-202520 / Module 5 / Module 5: Quiz
Started on Wednesday, September 25, 2024, 1:37 PM
State Finished
Completed on Wednesday, September 25, 2024, 1:39 PM
Time taken 2 mins 23 secs
Grade 10.00 out of 10.00 (100%)
Question 1 Correct 1.00 points out of 1.00
If a producer is not able to expand its plant capacity immediately, it is
Select one:
a. operating in the long run.
b. losing money.
c. bankrupt.
d. operating in the short run.
Your answer is correct.
The correct answer is: operating in the short run.
, Question 2 Correct 1.00 points out of 1.00 Back to Top
Assume the market for organically-grown produce is perfectly competitive. All else equal, as farmers find it less profitable to
produce and sell organic produce in this market
Select one:
a. the demand curve will shift to the left and the equilibrium price will decrease.
b. the supply curve will shift to the right, the demand curve will shift to the left, and the equilibrium price will decrease.
c. the supply curve will shift to the left and the equilibrium price will increase.
d. the supply curve will shift to the left, the demand curve will shift to the left, and the equilibrium price will increase.
Your answer is correct.
The correct answer is: the supply curve will shift to the left and the equilibrium price will increase.
