ECON202 [ACTUAL EXAM ] LATEST VERSION
[QUESTIONS AND ANSWERS] DETAILED AND
VERIFIED FOR GUARANTEED PASS- LATEST
UPDATE 2025 GRADED A (BRAND NEW!!)
Week long special at safeway, where pork shoulder is on sale at $1.99
a pound, down from $3.99 per pound. - CORRECT ANSWER ✔✔✔✔✔
Quantity Demanded increases
Buy one get one special for mp3 albums on amazon. - CORRECT
ANSWER ✔✔✔✔✔ Quantity demanded increases
Out N in, a burger joint with an absurd national following in the US.,
sells more burgers as the price of chicken increases - CORRECT
ANSWER ✔✔✔✔✔ Shift of the demand curve
After it earns 1st prize in the spicy category of a ramen tasting
competition, college student by more Lamian brand ramen noodles. -
CORRECT ANSWER ✔✔✔✔✔ Shift of the demand curve
Nettoyer reassess the price for its laundry detergent, which results in
less sales and strange around college dorms - CORRECT ANSWER
✔✔✔✔✔ Movement along the demand curve
Le Bureau et Chaise offers a one weekend clearance sale on its old
model of desks which causes students to rush to upgrade their dorm
furniture. - CORRECT ANSWER ✔✔✔✔✔ Movement along the
demand curve
The cost of lithium ion batteries has been dropping more steeply than
expected. The figure below shows the market for electric vehicles. -
CORRECT ANSWER ✔✔✔✔✔ Equilibrium Price decreases
,Equilibrium Quantity Increases
Supply curve shifts to the right
Assume that many farmers choose between planting either peanuts
or corn. Suppose that the government deciders to offer farmers a
subsidy of $10 a bushel to plant corn since it was discovered that
ethanol made from corn can be used as alternative fuel source. -
CORRECT ANSWER ✔✔✔✔✔ Supply curve for peanuts rise, Supply
curve for corn decreases, due to a change in opportunity cost
Suppose that the price of toy footballs goes up from 8 dollars to 15
dollars - CORRECT ANSWER ✔✔✔✔✔ there will be an increase in
quantity supplied
Hot springs are discovered outside of Golden, Colorado, resulting in
the construction of several new ski resorts. The resorts offer many
personalized services and require a large staff to accommodate
customer needs. - CORRECT ANSWER ✔✔✔✔✔ Quantity supplied
moves to the right
The federal government decides to adopt a new visa policy for guest
workers seeking to immigrate the the US in order to find jobs. as a
result 30% more work visas are given out than had previously been
granted. The change is expected to be permanent - CORRECT
ANSWER ✔✔✔✔✔ Supply shifts to the right
A new diet is popularized by a health expert, Richardo Simmonetz,
that requires people to eat only fried chicken for six weeks. The
popularity of the diet resuls in more chicken plants being built
nationwide to handle the increased demand for chicken. - CORRECT
ANSWER ✔✔✔✔✔ Quantity Supplied shifts to the right
After discovering that flash steaming tuna first before using
mechanical processes to extract meat, removes more tuna flesh.
more cans of tuna hit the shelves at major grocers. - CORRECT
ANSWER ✔✔✔✔✔ Shift of the supply curve
Amplitude decides to join the smartphone market - CORRECT
ANSWER ✔✔✔✔✔ Shift of the supply curve
, Americans put up their gold and silver jewelry for sale as a result of
rising prices. - CORRECT ANSWER ✔✔✔✔✔ movement along the
supply curve
a local fight club supplies less of its premium quality soap as a result
of lower prices - CORRECT ANSWER ✔✔✔✔✔ movement along the
supply curve
several other companies now pro due cellphones with gps capability,
making substitutes for gps units. Suppose the prices of gps enabled
cell phones increase due to a large batch of faulty chips. what effect
does this have on the supply and demand. - CORRECT ANSWER
✔✔✔✔✔ demand shifts right, equilibrium price increases and
equilibrium quantity increases
If Romaine lettuce and iceberg lettuce are substitute product, an
increase in the price of Romaine lettuce will______ the demand for
iceberg lettuce - CORRECT ANSWER ✔✔✔✔✔ Increase
Which of the following does not shift the demand curve:
-changes in the price of the product itself
-changes in income
-changes in population
-changes in tastes and preferences - CORRECT ANSWER ✔✔✔✔✔
changes in the price of the product itself
The quantity supplied is the:
amount of inputs that a firm earns profit on.
change in the sellers' output multiplied by the change in price.
incremental cost of producing one more unit of output.
amount of a good that firms are willing and able to sell at a particular
price during a given period of time. - CORRECT ANSWER ✔✔✔✔✔
amount of a good that firms are willing and able to sell at a particular
price during a given period of time.
[QUESTIONS AND ANSWERS] DETAILED AND
VERIFIED FOR GUARANTEED PASS- LATEST
UPDATE 2025 GRADED A (BRAND NEW!!)
Week long special at safeway, where pork shoulder is on sale at $1.99
a pound, down from $3.99 per pound. - CORRECT ANSWER ✔✔✔✔✔
Quantity Demanded increases
Buy one get one special for mp3 albums on amazon. - CORRECT
ANSWER ✔✔✔✔✔ Quantity demanded increases
Out N in, a burger joint with an absurd national following in the US.,
sells more burgers as the price of chicken increases - CORRECT
ANSWER ✔✔✔✔✔ Shift of the demand curve
After it earns 1st prize in the spicy category of a ramen tasting
competition, college student by more Lamian brand ramen noodles. -
CORRECT ANSWER ✔✔✔✔✔ Shift of the demand curve
Nettoyer reassess the price for its laundry detergent, which results in
less sales and strange around college dorms - CORRECT ANSWER
✔✔✔✔✔ Movement along the demand curve
Le Bureau et Chaise offers a one weekend clearance sale on its old
model of desks which causes students to rush to upgrade their dorm
furniture. - CORRECT ANSWER ✔✔✔✔✔ Movement along the
demand curve
The cost of lithium ion batteries has been dropping more steeply than
expected. The figure below shows the market for electric vehicles. -
CORRECT ANSWER ✔✔✔✔✔ Equilibrium Price decreases
,Equilibrium Quantity Increases
Supply curve shifts to the right
Assume that many farmers choose between planting either peanuts
or corn. Suppose that the government deciders to offer farmers a
subsidy of $10 a bushel to plant corn since it was discovered that
ethanol made from corn can be used as alternative fuel source. -
CORRECT ANSWER ✔✔✔✔✔ Supply curve for peanuts rise, Supply
curve for corn decreases, due to a change in opportunity cost
Suppose that the price of toy footballs goes up from 8 dollars to 15
dollars - CORRECT ANSWER ✔✔✔✔✔ there will be an increase in
quantity supplied
Hot springs are discovered outside of Golden, Colorado, resulting in
the construction of several new ski resorts. The resorts offer many
personalized services and require a large staff to accommodate
customer needs. - CORRECT ANSWER ✔✔✔✔✔ Quantity supplied
moves to the right
The federal government decides to adopt a new visa policy for guest
workers seeking to immigrate the the US in order to find jobs. as a
result 30% more work visas are given out than had previously been
granted. The change is expected to be permanent - CORRECT
ANSWER ✔✔✔✔✔ Supply shifts to the right
A new diet is popularized by a health expert, Richardo Simmonetz,
that requires people to eat only fried chicken for six weeks. The
popularity of the diet resuls in more chicken plants being built
nationwide to handle the increased demand for chicken. - CORRECT
ANSWER ✔✔✔✔✔ Quantity Supplied shifts to the right
After discovering that flash steaming tuna first before using
mechanical processes to extract meat, removes more tuna flesh.
more cans of tuna hit the shelves at major grocers. - CORRECT
ANSWER ✔✔✔✔✔ Shift of the supply curve
Amplitude decides to join the smartphone market - CORRECT
ANSWER ✔✔✔✔✔ Shift of the supply curve
, Americans put up their gold and silver jewelry for sale as a result of
rising prices. - CORRECT ANSWER ✔✔✔✔✔ movement along the
supply curve
a local fight club supplies less of its premium quality soap as a result
of lower prices - CORRECT ANSWER ✔✔✔✔✔ movement along the
supply curve
several other companies now pro due cellphones with gps capability,
making substitutes for gps units. Suppose the prices of gps enabled
cell phones increase due to a large batch of faulty chips. what effect
does this have on the supply and demand. - CORRECT ANSWER
✔✔✔✔✔ demand shifts right, equilibrium price increases and
equilibrium quantity increases
If Romaine lettuce and iceberg lettuce are substitute product, an
increase in the price of Romaine lettuce will______ the demand for
iceberg lettuce - CORRECT ANSWER ✔✔✔✔✔ Increase
Which of the following does not shift the demand curve:
-changes in the price of the product itself
-changes in income
-changes in population
-changes in tastes and preferences - CORRECT ANSWER ✔✔✔✔✔
changes in the price of the product itself
The quantity supplied is the:
amount of inputs that a firm earns profit on.
change in the sellers' output multiplied by the change in price.
incremental cost of producing one more unit of output.
amount of a good that firms are willing and able to sell at a particular
price during a given period of time. - CORRECT ANSWER ✔✔✔✔✔
amount of a good that firms are willing and able to sell at a particular
price during a given period of time.
