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Macro 1.4-Demand Open Practice

Last updated 5 months ago

14 questions

1

Gasoline prices increase by 50 percent and other things remain the same. As a result, there is

1

Car insurance and cars are complements. If the price of car insurance increases, the

1

The number of buyers of sport utility vehicles, SUV, decreases sharply, so

1

The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises,

1

A demand curve

1

In the figure, the movement from point a to point b reflects

1

Your college requires that starting this year, every business student must bring a laptop to school. This requirement

1

If macaroni and cheese is an inferior good, then a decrease in income results in

1

If the demand for digital cameras increases when consumers' incomes rise, then digital cameras are

1

The quantity demanded of a good or service is

1

Tammy buys four Barbie dolls a year if the price of a doll is $12 per doll. The actual price of a Barbie doll is $13 per doll. The four dolls Tammy buys if the price is $12 are her

1

A demand schedule shows

1

The phrase "a change in demand" most directly implies a

1

Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the