Unit 2 PreAssessment
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Last updated over 6 years ago
4 questions
1
Examine the image above. Assume that at a price of $16, people will buy 60 units of a good. At a price of $12, people will purchase 80 units of a good. Which of the following would be a logical amount for people to purchase at a price of $8?
Examine the image above. Assume that at a price of $16, people will buy 60 units of a good. At a price of $12, people will purchase 80 units of a good. Which of the following would be a logical amount for people to purchase at a price of $8?
1
Examine the image above. Briefly describe the relationship that you see between price ($) and quantity (Q).
Examine the image above. Briefly describe the relationship that you see between price ($) and quantity (Q).
1
Curves S1 and S2 show how many chocolate bars a producer is willing to produce at an array of prices. Focus on curve S1. Describe the relationship between price and quantity as illustrated by S1.
Curves S1 and S2 show how many chocolate bars a producer is willing to produce at an array of prices. Focus on curve S1. Describe the relationship between price and quantity as illustrated by S1.
1
Curves S1 and S2 show how many chocolate bars a producer is willing to produce at an array of possible prices. Which of the following statements is true?
Curves S1 and S2 show how many chocolate bars a producer is willing to produce at an array of possible prices. Which of the following statements is true?