ECON101 Week 2 Quiz Latest 2017

ECON101 Week 2 Quiz Latest 2017 Last document update:   ago

Question 1 of 10 A shift of a demand curve to the right, all other things unchanged, will: A. increase equilibrium price and quantity. B. decrease equilibrium price and quantity. C. decrease quantity and increase price. D. increase quantity and decrease price. Question 2 of 10 If the current price is above the equilibrium price, we would expect: A. quantity demanded to exceed quantity supplied. B. upward pressure on price. C. quantity supplied to exceed quantity demanded. D. no change in the mar...

ECON101 Week 2 Quiz Latest 2017 Last document update:   ago

Question 1 of 10 A shift of a demand curve to the right, all other things unchanged, will: A. increase equilibrium price and quantity. B. decrease equilibrium price and quantity. C. decrease quantity and increase price. D. increase quantity and decrease price. Question 2 of 10 If the current price is above the equilibrium price, we would expect: A. quantity demanded to exceed quantity supplied. B. upward pressure on price. C. quantity supplied to exceed quantity demanded. D. no change in the mar...

ECON101 Week 2 Quiz Latest 2017 Last document update:   ago

Question 1 of 10 A shift of a demand curve to the right, all other things unchanged, will: A. increase equilibrium price and quantity. B. decrease equilibrium price and quantity. C. decrease quantity and increase price. D. increase quantity and decrease price. Question 2 of 10 If the current price is above the equilibrium price, we would expect: A. quantity demanded to exceed quantity supplied. B. upward pressure on price. C. quantity supplied to exceed quantity demanded. D. no change in the mar...