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).
https://quizlet.com/996007889/2025-mba-exit-exam-complete-exam-questions-with-correct-answers-graded-a-verified-answers-latest-version-just-rel… 1/18
,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.
https://quizlet.com/996007889/2025-mba-exit-exam-complete-exam-questions-with-correct-answers-graded-a-verified-answers-latest-version-just-rel… 2/18
, 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.
https://quizlet.com/996007889/2025-mba-exit-exam-complete-exam-questions-with-correct-answers-graded-a-verified-answers-latest-version-just-rel… 3/18
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).
https://quizlet.com/996007889/2025-mba-exit-exam-complete-exam-questions-with-correct-answers-graded-a-verified-answers-latest-version-just-rel… 1/18
,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.
https://quizlet.com/996007889/2025-mba-exit-exam-complete-exam-questions-with-correct-answers-graded-a-verified-answers-latest-version-just-rel… 2/18
, 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.
https://quizlet.com/996007889/2025-mba-exit-exam-complete-exam-questions-with-correct-answers-graded-a-verified-answers-latest-version-just-rel… 3/18
