2025 MBA EXIT EXAM questions and answers 2025/2026

1/22/25, 6:08 P 2025 MBA EXIT EXAM | COMPLETE EXAM QUESTIONS WITH CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWER




2025 MBA EXIT EXAM | COMPLETE EXAM
QUESTIONS WITH CORRECT ANSWERS |
GRADED A+ | VERIFIED ANSWERS | LATEST
VERSION (JUST RELEASED)




Terms in this set (205)


The demand and supply cur market price level when the amount of a good that is d
ves show the emanded holding all other factors constant.
relationship between the...

The degree to which quan elasticity
tity demanded
'reacts' to price changes ca
n be determined with
the of demanded.

The law of demand states falls
that as prices rise, quantity
demanded (and vice-
versa).




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,1/22/25, 6:08 P 2025 MBA EXIT EXAM | COMPLETE EXAM QUESTIONS WITH CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWER


Quantity supplied is -positively
(positively/negatively)
associated with price increas
es, though the
degree to which quantity
supplied can respond t
o price changes depend
s on the elasticity of suppl
y.
Goods that are easily m more
ade (low marginal cost) a
re (more/less) elastic
than those that are not.


Ex: capacity constraints of
a generator or factory, or
seats in a stadium

Goods that are easily -low
made are_ (low/high)
marginal cost.

WhatNare 'comparative - changes in equilibrium price and quantity
statistics?'

T/F: If a 'determinant' of -true
demand or supply ch
anges, then the entire
price-quantity relationship
changes.

-
Example of comparative stat an increase in demands that occurs because there has
istics? been a positive income shockNis expected to
increase the amount bought of a good-
even holding prices constant.




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, 1/22/25, 6:08 P 2025 MBA EXIT EXAM | COMPLETE EXAM QUESTIONS WITH CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWER


1. Tastes and preferences (ex: increase in demand for
organic products)


2. Income/wealth (ex: fall in restaurant demand during
recessions)
-
important differences for normal goods and inferior g
oods
WhatNare the 5 importantNde
mand determinants?
3. Price of other related goods (ex: change in demand
for taxi services after entrance of low-cost ride-
share options).


4. Exogenous shocks (Ex: change in demand for
generators following long-lasting power outage).


5. Future expectations (ex: change in demand for
toiletNpaper during COVID crisis).

1. Input costs (increase in supply due to innovation to
cost-saving technology).

WhatNare the 3 primary impo
2. Government regulation (ex: new taxes and subsidies)
rtant supply
determinants?
3. Price of other goods you produce (ex: switch in
production to product that can command higher price i
n the market).

What results in Resulting change in equilibrium price and quantity
comparative statistics? following a change to supply and/or demand.

-used to compare two 'statistic' states of the world-
What are comparative statis
before and after some innovation in supply/demand
tics used for?
(ex: supply shock).

T/F: price/quantity change true
is also impacted by the
elasticity of supply and dem
and.

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