econ 2110 exam 2 Clemson (2025) ACTUAL EXAM comprehensive
econ 2110 exam 2 Clemson
questions and verified accurate solution (Detailed & Elaborated) |get
Study online at https://quizlet.com/_7ckpv1
100% accurate!! 2025 TEST!!
1. 1. Which of the following will not increase the demand a. A big burritos sale.
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 burri-
tos.
2. 2. Which of the following will not decrease the supply a. the discovery that eating
of burritos. a. the discovery that eating burritos causes burritos causes cancer.
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. 3. A supply curve shows a. the relationship between d. All of the above.
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. 4. If the supply of peanut butter increases, what would b. Demand to decrease.
we expect to happen in the market for tuna (a substi-
tute 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.
, econ 2110 exam 2 Clemson
Study online at https://quizlet.com/_7ckpv1
5. 5. Buyers and sellers communicate primarily d. through their willing-
a. through surveys. ness to buy and sell at var-
b. through government agencies. ious prices.
c. through advertising.
d. through their willingness to buy and sell at various
prices.
e. All of the above.
6. 6. Anything that increases the value that potential buy- a. increase demand.
ers 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. 7. If the supply of "roots" (an input) increases, what c. Supply to increase.
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.
8. 8. Which of the following will increase the demand for c. A rise in the price of cof-
tea? fee.
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 cheap-
ly.
e. All of the above.
, econ 2110 exam 2 Clemson
Study online at https://quizlet.com/_7ckpv1
9. 9. A rational decision-maker takes action only if b. the marginal benefit is
a. the average benefit is greater than the average cost. greater than the marginal
b. the marginal benefit is greater than the marginal cost.
cost.
c. the total benefit is positive.
d. society will be made better off.
e. All of the above
10. 10. Doug likes tomatoes now more than he did last d. Doug is willing to pay
year. Therefore more for tomatoes than
a. Doug must have received an increase in income. last year.
b. tomatoes must be a necessity.
c. the supply of tomatoes has increased.
d. Doug is willing to pay more for tomatoes than last
year.
11. 11. At what price is quantity demanded greatest? At a. 1, 7
what price is quantity supplied greatest?
a. 1, 7
b. 3, 5
c. 5, 3
d. 7, 1
12. 12. At what which of the following prices will the most b. 3.
kumquats actually be sold (i.e., change hands from
seller to buyer)?
a. 1.
b. 3.
c. 5.
d. 7.
13. 13. The two graphs above show (in order from top to a. An increase in demand,
bottom) a decrease in supply
econ 2110 exam 2 Clemson
questions and verified accurate solution (Detailed & Elaborated) |get
Study online at https://quizlet.com/_7ckpv1
100% accurate!! 2025 TEST!!
1. 1. Which of the following will not increase the demand a. A big burritos sale.
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 burri-
tos.
2. 2. Which of the following will not decrease the supply a. the discovery that eating
of burritos. a. the discovery that eating burritos causes burritos causes cancer.
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. 3. A supply curve shows a. the relationship between d. All of the above.
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. 4. If the supply of peanut butter increases, what would b. Demand to decrease.
we expect to happen in the market for tuna (a substi-
tute 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.
, econ 2110 exam 2 Clemson
Study online at https://quizlet.com/_7ckpv1
5. 5. Buyers and sellers communicate primarily d. through their willing-
a. through surveys. ness to buy and sell at var-
b. through government agencies. ious prices.
c. through advertising.
d. through their willingness to buy and sell at various
prices.
e. All of the above.
6. 6. Anything that increases the value that potential buy- a. increase demand.
ers 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. 7. If the supply of "roots" (an input) increases, what c. Supply to increase.
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.
8. 8. Which of the following will increase the demand for c. A rise in the price of cof-
tea? fee.
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 cheap-
ly.
e. All of the above.
, econ 2110 exam 2 Clemson
Study online at https://quizlet.com/_7ckpv1
9. 9. A rational decision-maker takes action only if b. the marginal benefit is
a. the average benefit is greater than the average cost. greater than the marginal
b. the marginal benefit is greater than the marginal cost.
cost.
c. the total benefit is positive.
d. society will be made better off.
e. All of the above
10. 10. Doug likes tomatoes now more than he did last d. Doug is willing to pay
year. Therefore more for tomatoes than
a. Doug must have received an increase in income. last year.
b. tomatoes must be a necessity.
c. the supply of tomatoes has increased.
d. Doug is willing to pay more for tomatoes than last
year.
11. 11. At what price is quantity demanded greatest? At a. 1, 7
what price is quantity supplied greatest?
a. 1, 7
b. 3, 5
c. 5, 3
d. 7, 1
12. 12. At what which of the following prices will the most b. 3.
kumquats actually be sold (i.e., change hands from
seller to buyer)?
a. 1.
b. 3.
c. 5.
d. 7.
13. 13. The two graphs above show (in order from top to a. An increase in demand,
bottom) a decrease in supply
