举一反三
- Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to: A: increase by $50 B: decrease by $50. C: increase by less than $50. D: increase by more than $50.
- The bond demand curve is ________ sloping, indicating a(n) ________ relationship between the price and quantity demanded of bonds, everything else equal.
- If the market price of a good is above the equilibrium price ______ A: a surplus will exist, which will put downward pressure on the prices. B: the supply curve will shift to the right as firms rush to take advantage of the high price. C: the demand curve will shift to the left as consumers decrease the quantity they buy. D: the government will intervene to force the price downward. E: a shortage will exist, which will force the price even higher.
- The market supply curve is:
- A movement upward along an upward sloping Engel curve corresponds to A: upward sloping indifference curves. B: crossing indifference curves. C: a rotation in the budget constraint. D: a parallel shift in the budget constraint.
内容
- 0
If the money interest rate is measured on the y-axis and the quantity of money is measured on the x-axis, the money supply curve is:（） A: horizontal. B: upward sloping to the upper right. C: vertical.
- 1
Assume there are only two airlines, Air China and Hainan Airlines, which fly directly from Beijing to Hainan. What would happen in the market demand for Air China if Hainan Airlines went out of business? A: The market demand curve would shift to the right. B: The market demand curve would shift to the left. C: There would be a movement to the right along the initial market demand curve. D: There would be a movement to the left along the initial market demand curve.
- 2
Assume that there is a single firm producing toilet paper and the firm specific demand curve is the same as the market demand curve. If a second firm that also produces toilet paper enters the market what will happen to the firm-specific demand curve of the original firm? A: There is a movement up along the demand curve. B: There is a movement down along the demand curve. C: shifts to the right D: shifts to the left
- 3
In a monopoly, the market demand curve is:
- 4
When a tax is imposed on a good, the A: supply curve for the good always shifts. B: demand curve for the good always shifts. C: amount of the good that buyers are willing to buy at each price always remains unchanged. D: equilibrium quantity of the good always decreases.