Econ1002 Samenvattingen, Aantekeningen en Examens
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Sophia Microeconomics Milestone 1
ECON1002_final_exam_Sem_2
![ECON 1002 Microeconomics Exam 2_Latest Spring 2022 Complete A+ Solutions](/docpics/61d83eb7c48c4_1477039.jpg)
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ECON 1002 Microeconomics Exam 2_Latest Spring 2022 Complete A+ Solutions
- Tentamen (uitwerkingen) • 15 pagina's • 2022
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- $14.49
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ECON1002: Microeconomics 
Instructor: Qingbin Wang 
Exam2 
Instruction: You have 115 minutes to finish the quiz. Please choose the most appropriate answer to 
each question and mark it in the Scantron answer sheet. Any answer in the problem set will NOT be 
graded. 
1. If many people in a community install fire hydrants, the whole community benefits including those 
that did not install it. Therefore, not enough people may decide to install the fire hydrant. This is 
one illustration of: 
A. The...
ECON 1002 WEEK 5 QUIZ – Question and Answers (Correct Answers).
Sophia Microeconomics Milestone 2
![ECON 1002: Microeconomics Exam 3_Latest Spring 2020/2021 Complete A+ Solutions](/docpics/60711a905195b_1053819.jpg)
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ECON 1002: Microeconomics Exam 3_Latest Spring 2020/2021 Complete A+ Solutions
- Tentamen (uitwerkingen) • 17 pagina's • 2021
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- $12.49
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ECON1002: Microeconomics Instructor: Qingbin Wang Final 
 
Instruction: Please choose the most appropriate answer and follow the instructions on Ulearn to submit your answers. The answers on the problem set will NOT be graded. 
Good luck! 
 
Please choose the most appropriate answer to each question. 
 
1.	The main determinant of elasticity of supply is the: 
A.	number of close substitutes for the product available to consumers. 
B.	amount of time the producer has to adjust inputs in response t...
![ECON 1002: Microeconomics Exam 2 updated practice exam complete docs](/docpics/6072461a58a6c_1055013.jpg)
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ECON 1002: Microeconomics Exam 2 updated practice exam complete docs
- Tentamen (uitwerkingen) • 15 pagina's • 2021
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- $15.49
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ECON1002: Microeconomics Exam2 1. If many people in a community install fire hydrants, the whole community benefits including those that did not install it. Therefore, not enough people may decide to install the fire hydrant. This is one illustration of: A. The market allocating resources efficiently B. Monopoly power due to lack of competition C. Supply-side market failure D. Demand-side market failure 2. When a private firm provides fireworks, it could not produce the efficient amount of it be...
Walden University ECON 1002 WEEK 5 QUIZ – Question and Answers (Correct Answers).
![ECON 1002 Week 6 Final Test_Newest 100% Accurate Answers.](/docpics/5f3e8d2488fbe_789092.jpg)
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ECON 1002 Week 6 Final Test_Newest 100% Accurate Answers.
- Tentamen (uitwerkingen) • 7 pagina's • 2020
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- $15.98
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Econ 1002 Final Test • Question 1 Which of the following is the best example of a positive externality? • Question 2 As a result of a negative externality, the market equilibrium quantity is too ______ compared to the socially optimal quantity. As a result of a positive externality, the market equilibrium quantity is too ______ compared to the socially optimal quantity. • Question 3 Based on the diagram below, the deadweight loss area associated with the market equilibrium equals: • Ques...
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