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  • Arteveldehogeschool (Artevelde)
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Exam (elaborations)

Economics Exam Sheet

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2016/2017 Written for academic year
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Arteveldehogeschool (Artevelde)
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Economics
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Summary of what was asked on two different economic exams during the year . This summary contains 4 pages.

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Exam Sheet - Econimcs

Micro-economics
1) When hamburgers and ketchup are a complimentary good, and chicken is a
substitute. What happens when the price of hamburgers increase.

2) Calculate the market equilibrium of Demand curve:

3) Graph: calculate the profit (where mc hits mr)




4) PPF,  point inside the curve, what is it?

5) Find the Tc or TVC.




6) Assume that the price elasticity of Belgium’s export demand for semiconductors is
-1,2. The price is increased by 10%. Which one of the following statements is true?

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2016/2017
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