Back
Attempt Score - 100 %
Overall Grade (Highest Attempt) - 100 %
Question 1 points
A shift of a demand curve to the right, all other things unchanged, will:
increase equilibrium price and quantity.
decrease equilibrium price and quantity.
decrease quantity and increase price.
increase quantity and decrease price.
Question 2 points
If the current price is above the equilibrium price, we would expect:
quantity demanded to exceed quantity supplied.
upward pressure on price.
quantity supplied to exceed quantity demanded.
no change in the market price.
Question 3 points
Demand is defined as:
an amount that is purchased at a specific price, given supply.
a schedule that establishes the price of a good.
a schedule that shows how much will be purchased at various prices during a particular period, all
other things unchanged.
the amount that will be bought at a specific price.
Question 4 points
This study source was downloaded by 100000898960505 from CourseHero.com on 05-11-2025 17:59:48 GMT -05:00
https://www.coursehero.com/file/248863747/AMU-ECON-201-Week-2-Quizpdf/
, Back
the amount that will be bought at a specific price.
Question 4 points
The primary difference between a change in demand and a change in the quantity demanded is:
a change in demand is a movement along the demand curve, and a change in quantity demanded is a
shift in the demand curve.
a change in quantity demanded is a movement along the demand curve, and a change in demand is a
shift in the demand curve.
both a change in quantity demanded and a change in demand are shifts in the demand curve, only in
different directions.
both a change in quantity demanded and a change in demand are movements along the demand curve,
only in different directions.
Question 5 points
A negative relationship between the quantity demanded and price is called the law of ______.
demand
diminishing marginal returns
market clearing
supply
Question 6 points
The relationship between the quantity of a good or service sellers are willing and able to offer for sale and
the independent variables that determine quantity is:
supply.
demand.
equilibrium.
disequilibrium.
Question 7 points
A price below the equilibrium price will:
This study source was downloaded by 100000898960505 from CourseHero.com on 05-11-2025 17:59:48 GMT -05:00
https://www.coursehero.com/file/248863747/AMU-ECON-201-Week-2-Quizpdf/
Attempt Score - 100 %
Overall Grade (Highest Attempt) - 100 %
Question 1 points
A shift of a demand curve to the right, all other things unchanged, will:
increase equilibrium price and quantity.
decrease equilibrium price and quantity.
decrease quantity and increase price.
increase quantity and decrease price.
Question 2 points
If the current price is above the equilibrium price, we would expect:
quantity demanded to exceed quantity supplied.
upward pressure on price.
quantity supplied to exceed quantity demanded.
no change in the market price.
Question 3 points
Demand is defined as:
an amount that is purchased at a specific price, given supply.
a schedule that establishes the price of a good.
a schedule that shows how much will be purchased at various prices during a particular period, all
other things unchanged.
the amount that will be bought at a specific price.
Question 4 points
This study source was downloaded by 100000898960505 from CourseHero.com on 05-11-2025 17:59:48 GMT -05:00
https://www.coursehero.com/file/248863747/AMU-ECON-201-Week-2-Quizpdf/
, Back
the amount that will be bought at a specific price.
Question 4 points
The primary difference between a change in demand and a change in the quantity demanded is:
a change in demand is a movement along the demand curve, and a change in quantity demanded is a
shift in the demand curve.
a change in quantity demanded is a movement along the demand curve, and a change in demand is a
shift in the demand curve.
both a change in quantity demanded and a change in demand are shifts in the demand curve, only in
different directions.
both a change in quantity demanded and a change in demand are movements along the demand curve,
only in different directions.
Question 5 points
A negative relationship between the quantity demanded and price is called the law of ______.
demand
diminishing marginal returns
market clearing
supply
Question 6 points
The relationship between the quantity of a good or service sellers are willing and able to offer for sale and
the independent variables that determine quantity is:
supply.
demand.
equilibrium.
disequilibrium.
Question 7 points
A price below the equilibrium price will:
This study source was downloaded by 100000898960505 from CourseHero.com on 05-11-2025 17:59:48 GMT -05:00
https://www.coursehero.com/file/248863747/AMU-ECON-201-Week-2-Quizpdf/
