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Module 7

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Market Equilibrium - Practice Quiz

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macroeconomics
market equilibrium
12th grade
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Zachary Foust
Zachary Foust
United States

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Module 7Version en ligne

Market Equilibrium - Practice Quiz

par Zachary Foust
1 Which graph shows the effect of an increase in the number of advertisements that reference Valentine's Day? 2 How does an increase in the number of advertisements that reference Valentine's Day affect the equilibrium price and quantity of roses? 3 Which graph shows the effect of an increase in the price of chocolate, a complement of roses? 4 How does an increase in the price of chocolate, a complement of roses, affect the equilibrium price and quantity of roses? 5 Which graph shows the effect of a decrease in the price of fertilizer, a key input used in the production of roses? 6 How does a decrease in the price of fertilizer, a key input used in the production of roses, affect the equilibrium price and quantity of roses? 7 Which graph shows the effect of an increase in the price of coffee, a substitute in production for roses? 8 How does an increase in the price of coffee, a substitute in production for roses, affect the equilibrium price and quantity of roses? 9 How does a simultaneous increase in demand and decrease in supply affect the equilibrium price and quantity of roses? 10 How does a simultaneous decrease in demand and increase in supply affect the equilibrium price and quantity of roses? 11 How does a simultaneous increase in both demand and supply affect the equilibrium price and quantity of roses? 12 How does a simultaneous decrease in both demand and supply affect the equilibrium price and quantity of roses? 13 Which event will lead to an increase in the equilibrium price of roses and a decrease in the equilibrium quantity of roses? 14 Which event will lead to a decrease in the equilibrium price and quantity of roses? 15 Which event will lead to an increase in the equilibrium price and quantity of roses? 16 Which event will lead to a decrease in the equilibrium price of roses and an increase in the equilibrium quantity of roses?
 
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