Exam (elaborations)
EDUC 101 Study Questions for Test 1
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Assuming compact discs and compact disc players are complements, the effect of an increase in the price of compact disc players on the market for compact discs is a (an): a. downward movement along the demand curve for compact discs. b. upward movement along the demand curve for compact discs. c. rightward shift in the demand curve for compact discs. d. leftward shift in the demand curve for compact discs. Exhibit 3-3 Demand curves ____ 2. Assume that consumers expect the price of gasoline to rise sharply in the future. Which of the graphs in Exhibit 3-3 depicts this effect? a. Graph A. b. Graph B. c. Graph C
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Institution
South Texas College
Course
EDUC 101
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South Texas College
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EDUC 101
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study questions for test 1
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