Final exam econ 1002 Study guides, Class notes & Summaries
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![ECON 1002 Final Exam – MGMT 3503 Microeconomics with Answers](/docpics/5faaf9b5a1ff8_880436.jpg)
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ECON 1002 Final Exam – MGMT 3503 Microeconomics with Answers
- Exam (elaborations) • 10 pages • 2020
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ECON 1002 Final Exam – MGMT 3503 Microeconomics with Answers 
 
1. A demand curve: 
 
2. The income effect that results from a price change is given by: 
 
3. The table below shows the quantities demanded and quantities supplied for a good at various prices. The equilibrium price and quantity for the good above respectively equal: 
 
4. When price is below the market equilibrium price: 
 
5. The economic surplus to an individual from consuming a good is given by: 
 
6. A change in "demand" o...
![ECON 1002 Final Exam – MGMT 3503 Microeconomics Exam – Week 3 (92 out of 100 points )/ECON 1002 FINAL EXAM – MGMT 3503 MICROECONOMICS WITH ANSWERS](/docpics/5fb68a8f6fd6b_889279.jpg)
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ECON 1002 Final Exam – MGMT 3503 Microeconomics Exam – Week 3 (92 out of 100 points )/ECON 1002 FINAL EXAM – MGMT 3503 MICROECONOMICS WITH ANSWERS
- Exam (elaborations) • 9 pages • 2020
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- $19.99
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ECON 1002 Final Exam – MGMT 3503 Microeconomics

Exam – Week 3 (92 out of 100 points )

A demand curve:
The income effect that results from a price change is given by:
The table below shows the quantities demanded and quantities supplied for a good at various prices. The equilibrium price and quantity for the good above respectively equal:
When price is below the market equilibrium price:
The economic surplus to an individual from consuming a good is given by:
A change in “demand” of a g...
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