ECON 545 Week 3 Imperfect Competition – Quiz

Published on January 2018 | Categories: Business/Law | Downloads: 36 | Comments: 0 | Views: 306
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ECON 545 Week 3 Imperfect Competition – Quiz Click Link Below To Buy: http://hwcampus.com/shop/econ-545-week-3-imperfect-competition-quiz/ Contact Us: [email protected] 1. (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply? (6 pts.) What happens to bicycle demand? (Points : 10) 2. (TCO A) Peanut butter and jelly are complements in consumption. The price of jelly falls. (4 pts.) What happens to the demand for peanut butter? (6 pts.) What happens to the demand for jelly? (Points : 10) 3. (TCO A) The number of new home sellers in a given market decreases. (4 pts.) What happens to the supply of new homes? (6 pts.) What happens to the demand for new homes? (Points : 10)

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ECON 545 Week 3 Imperfect Competition – Quiz Click Link Below To Buy: http://hwcampus.com/shop/econ-545-week-3-imperfect-competition-quiz/ Contact Us: [email protected] 1. (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply? (6 pts.) What happens to bicycle demand? (Points : 10) 2. (TCO A) Peanut butter and jelly are complements in consumption. The price of jelly falls. (4 pts.) What happens to the demand for peanut butter? (6 pts.) What happens to the demand for jelly? (Points : 10) 3. (TCO A) The number of new home sellers in a given market decreases. (4 pts.) What happens to the supply of new homes? (6 pts.) What happens to the demand for new homes? (Points : 10)

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