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- Can you please check my workles of Macroeconomics - Spring21 Which of the following statements is CORRECT? Select one: O a. A change in the quantity demanded means a shift in the demand curve. O b. Achange in demand means a movement along the demand curve. O c. Achange in demand and change in quantity demanded means the same thing. O d. Achange in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve. NEXT PAGEIn the market for some good, demand decreases and supply decreases. What prediction would you make for this market? Select one: O a. Price rises. O b. Price falls. O c. Quantity falls. O d. Quantity rises.
- A price floor Select one: O a. always results in a surplus. O b. always results in a shortage. results in a surplus if the floor price is higher than the equilibrium price. O d. results in a shortage if the floor price is higher than the equilibrium price.When a price floor is established below the equilibrium price, it results in Select one: O A. the equilibrium price. O B. an increase in supply. O C. surpluses. O D. a decrease in demand. O E. shortages.Answer both correctly. I ll rate accordingly. Typed answer please.
- The price of a DVD rental is $1.50 and the price of a downloaded movie is $1.00. If the price of a DVD rental increases by $0.50, the relative price a downloaded movie Select one: O a. falls. O b. rises: Oc. does not change. O d. might change but more information is needed.what's right chic?Holding supply constant, a decrease in demand leads to Select one: O a. higher prices and higher quantity supplied. O b. lower prices and higher quantity supplied. O c. higher prices and lower quantity supplied. O d. lower prices and lower quantity supplied.
- What is the price elasticity of demand? O A. The extent to which a change in price is affected by something other than price O B. The extent to which quantity demanded responds to a change in price. O C. The extent to which quantity demanded responds to a change in income. O D. The extent to which quantity demanded responds to a change in input prices.the Price elasticity of demand is calculated as: Select one: O a. %AP/%AQD O b. %AQs/%AQD O c. %AQ/%AQs O d. %AQ/%AP If the price elasticity of demand has a value of -1.3, this means: Select one: O a. A 1 percent increase in the price of the good causes quantity demanded to decrease by 1.3 percent. O b. A 1 percent increase in the price of the good causes quantity demanded to increase by 1.3 percent. O c. A 1.3 percent increase in the price of the good causes quantity demanded to decrease by 1 percent. O d. A$1 increase in price causes quantity demanded to fall by 1.3 units.an increase in the supply of golf clubs brings a ___ of golf clubs at the original price and a _____ in their price.