4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
econ 2110 exam 2 Clemson (2025)
comprehensive questions and verified detailed
solutions (MULTIPLE CHOICES) |complete
solutions |A+ GRADED |100% CORRECT!!
Save
Terms in this set (94)
1. Which of the following a. A big burritos sale.
will not increase the
demand for burritos?
a. A big burritos sale.
b. The discovery that
eating burritos cures
cancer.
c. A rise in the price of
burgers, a substitute.
d. A fall in the price of
guacamole, a
complement.
e. All of the above will
increase the demand for
burritos.
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 1/40
,4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
2. Which of the following a. the discovery that eating burritos causes cancer.
will not decrease the
supply of burritos. a. the
discovery that eating
burritos causes cancer.
b. a rise in the price of
the tortillas used to make
burritos.
c. a rise in the price of
wages paid to burrito-
making employees. d. All
of the above will
decrease the supply of
burritos.
3. A supply curve shows d. All of the above.
a. the relationship
between price and
quantity supplied. b. how
many units of the good
will be supplied at
various prices. c. the cost
of supplying the good. d.
All of the above. **
4. If the supply of peanut b. Demand to decrease.
butter increases, what
would we expect to
happen in the market for
tuna (a substitute for
peanut butter on
sandwiches)?
a. Demand to increase.
b. Demand to decrease.
c. Supply to increase.
d. Supply to decrease.
e. Neither the demand
nor the supply of tuna
would be affected.
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 2/40
,4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
5. Buyers and sellers d. through their willingness to buy and sell at various
communicate primarily prices.
a. through surveys.
b. through government
agencies.
c. through advertising.
d. through their
willingness to buy and
sell at various prices.
e. All of the above.
6. Anything that increases a. increase demand.
the value that potential
buyers receive from a
good may be expected
to
a. increase demand.
b. increase supply.
c. increase both demand
and supply.
d. increase demand but
decrease supply.
7. If the supply of "roots" c. Supply to increase.
(an input) increases, what
would we expect to
happen in the market for
root beer?
a. Demand to increase.
b. Demand to decrease.
c. Supply to increase.
d. Supply to decrease.
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 3/40
, 4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
8. Which of the following c. A rise in the price of coffee.
will increase the demand
for tea?
a. A blight destroys 30%
of the tea crop in India.
b. Wonderful weather
doubles the usual tea
crop.
c. A rise in the price of
coffee.
d. New technology
allows tea to be made
more cheaply.
e. All of the above.
9. A rational decision- b. the marginal benefit is greater than the marginal
maker takes action only if cost.
a. the average benefit is
greater than the average
cost.
b. the marginal benefit is
greater than the marginal
cost.
c. the total benefit is
positive.
d. society will be made
better off.
e. All of the above
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 4/40
econ 2110 exam 2 Clemson (2025)
comprehensive questions and verified detailed
solutions (MULTIPLE CHOICES) |complete
solutions |A+ GRADED |100% CORRECT!!
Save
Terms in this set (94)
1. Which of the following a. A big burritos sale.
will not increase the
demand for burritos?
a. A big burritos sale.
b. The discovery that
eating burritos cures
cancer.
c. A rise in the price of
burgers, a substitute.
d. A fall in the price of
guacamole, a
complement.
e. All of the above will
increase the demand for
burritos.
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 1/40
,4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
2. Which of the following a. the discovery that eating burritos causes cancer.
will not decrease the
supply of burritos. a. the
discovery that eating
burritos causes cancer.
b. a rise in the price of
the tortillas used to make
burritos.
c. a rise in the price of
wages paid to burrito-
making employees. d. All
of the above will
decrease the supply of
burritos.
3. A supply curve shows d. All of the above.
a. the relationship
between price and
quantity supplied. b. how
many units of the good
will be supplied at
various prices. c. the cost
of supplying the good. d.
All of the above. **
4. If the supply of peanut b. Demand to decrease.
butter increases, what
would we expect to
happen in the market for
tuna (a substitute for
peanut butter on
sandwiches)?
a. Demand to increase.
b. Demand to decrease.
c. Supply to increase.
d. Supply to decrease.
e. Neither the demand
nor the supply of tuna
would be affected.
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 2/40
,4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
5. Buyers and sellers d. through their willingness to buy and sell at various
communicate primarily prices.
a. through surveys.
b. through government
agencies.
c. through advertising.
d. through their
willingness to buy and
sell at various prices.
e. All of the above.
6. Anything that increases a. increase demand.
the value that potential
buyers receive from a
good may be expected
to
a. increase demand.
b. increase supply.
c. increase both demand
and supply.
d. increase demand but
decrease supply.
7. If the supply of "roots" c. Supply to increase.
(an input) increases, what
would we expect to
happen in the market for
root beer?
a. Demand to increase.
b. Demand to decrease.
c. Supply to increase.
d. Supply to decrease.
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 3/40
, 4/24/25, 8:31 AM econ 2110 exam 2 Clemson (2025) comprehensive questions and verified detailed solutions (MULTIPLE CHOICES) |complete …
8. Which of the following c. A rise in the price of coffee.
will increase the demand
for tea?
a. A blight destroys 30%
of the tea crop in India.
b. Wonderful weather
doubles the usual tea
crop.
c. A rise in the price of
coffee.
d. New technology
allows tea to be made
more cheaply.
e. All of the above.
9. A rational decision- b. the marginal benefit is greater than the marginal
maker takes action only if cost.
a. the average benefit is
greater than the average
cost.
b. the marginal benefit is
greater than the marginal
cost.
c. the total benefit is
positive.
d. society will be made
better off.
e. All of the above
https://quizlet.com/1035207024/econ-2110-exam-2-clemson-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-co… 4/40
