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冬 2023.tle.courses.open.uwi.edu fn Assessment #2 X THE UNIVERSITY OF THE WEST INDIES GLOBAL CAMPUS Home Dashboard More 4 Question 4 If Qd 30 2P and Qs = = 5 + 3P, where Qd is the quantity Not yet answered. Marked out of 1 Flag question demanded, Qs is quantity supplied, and P is the price. What is the equilibrium quantity? OOOO a. 20 Ob. 25 c. 5 O d. 30 Question 5 Not yet answered Marked out of 1 Flag question You have calculated the cross-price elasticity of demand between two goods to be -4.5. What is your interpretation? O a. The goods are substitutes Ob. The demand for the goods is income elastic. ○ C. The demand for the goods is elastic. Od. The goods are complements Question 6 Not yet answered Marked out of 1 Flag question A perfectly competitive firm will be operating at its shutdown point if it operates at the minimum point on its. _ cost curve. a. marginal O b. average variable ○ C. average total d. total 6 + ? <

冬 2023.tle.courses.open.uwi.edu fn Assessment #2 X THE UNIVERSITY OF THE WEST INDIES GLOBAL CAMPUS Home Dashboard More 4 Question 4 If Qd 30 2P and Qs = = 5 + 3P, where Qd is the quantity Not yet answered. Marked out of 1 Flag question demanded, Qs is quantity supplied, and P is the price. What is the equilibrium quantity? OOOO a. 20 Ob. 25 c. 5 O d. 30 Question 5 Not yet answered Marked out of 1 Flag question You have calculated the cross-price elasticity of demand between two goods to be -4.5. What is your interpretation? O a. The goods are substitutes Ob. The demand for the goods is income elastic. ○ C. The demand for the goods is elastic. Od. The goods are complements Question 6 Not yet answered Marked out of 1 Flag question A perfectly competitive firm will be operating at its shutdown point if it operates at the minimum point on its. _ cost curve. a. marginal O b. average variable ○ C. average total d. total 6 + ? <

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 1SCQ: Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers...
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冬 2023.tle.courses.open.uwi.edu fn Assessment #2 X THE UNIVERSITY OF THE WEST INDIES GLOBAL CAMPUS Home Dashboard More 4 Question 4 If Qd 30 2P and Qs = = 5 + 3P, where Qd is the quantity Not yet answered. Marked out of 1 Flag question demanded, Qs is quantity supplied, and P is the price. What is the equilibrium quantity? OOOO a. 20 Ob. 25 c. 5 O d. 30 Question 5 Not yet answered Marked out of 1 Flag question You have calculated the cross-price elasticity of demand between two goods to be -4.5. What is your interpretation? O a. The goods are substitutes Ob. The demand for the goods is income elastic. ○ C. The demand for the goods is elastic. Od. The goods are complements Question 6 Not yet answered Marked out of 1 Flag question A perfectly competitive firm will be operating at its shutdown point if it operates at the minimum point on its. _ cost curve. a. marginal O b. average variable ○ C. average total d. total 6 + ? <
Transcribed Image Text:冬 2023.tle.courses.open.uwi.edu fn Assessment #2 X THE UNIVERSITY OF THE WEST INDIES GLOBAL CAMPUS Home Dashboard More 4 Question 4 If Qd 30 2P and Qs = = 5 + 3P, where Qd is the quantity Not yet answered. Marked out of 1 Flag question demanded, Qs is quantity supplied, and P is the price. What is the equilibrium quantity? OOOO a. 20 Ob. 25 c. 5 O d. 30 Question 5 Not yet answered Marked out of 1 Flag question You have calculated the cross-price elasticity of demand between two goods to be -4.5. What is your interpretation? O a. The goods are substitutes Ob. The demand for the goods is income elastic. ○ C. The demand for the goods is elastic. Od. The goods are complements Question 6 Not yet answered Marked out of 1 Flag question A perfectly competitive firm will be operating at its shutdown point if it operates at the minimum point on its. _ cost curve. a. marginal O b. average variable ○ C. average total d. total 6 + ? <
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