Economics MCQs

A. The change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.
B. The equilibrium quantity to rise and the equilibrium price to rise
C. The equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
D. The equilibrium quantity to rise and the equilibrium price to fall

A. price will decrease, quantity is ambiguous
B. the impact on both price and quantity is ambiguous.
C. price will increase, quantity will increase
D. price will increase, quantity will decrease

A. The impact on both price and quantity is ambiguous
B. Price will decrease, quantity is ambiguous.
C. Price will increase, quantity will decrease
D. Price will increase, quantity is ambiguous.

A. A higher equilibrium price and output
B. A lower equilibrium price and higher output
C. A lower equilibrium price and output
D. A higher equilibrium price and lower output

A. None of these answers
B. Decreases the quantity supplied of that good
C. Decreases the quantity demanded for that good
D. Increases the quantity supplied of that good

A. A normal good
B. None of these answers
C. An inferior good
D. A substitute good

A. An increase in the price of watches
B. None of these answers
C. A decrease in the price of watch batteries if watch batteries and watches are complements
D. A decrease in consumer incomes if watches are a normal good

A. there is a surplus and the price will rise
B. there is a shortage and the price will fall
C. there is a shortage and the price will rise
D. the quantity demanded is equal to the quantity supplied and the price remains unchanged

A. Terragraphic segmentation
B. Fermagraphic segmentation
C. Geothermy segmentation
D. Geodemographic segmentation

A. Geothermy
B. Demography
C. Ethnography
D. Hemos-popography