Microeconomics (13th Edition)
13th Edition
ISBN: 9780134744476
Author: Michael Parkin
Publisher: PEARSON
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Chapter 4.1, Problem 3RQ
What makes the demand for some goods
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UGD KCQ 2: Microeconomic Essentials (page 11 of 20) - Google Chrome
mancosaconnect.ac.za/mod/quiz/attempt.php?attempt=1958913&cmid=436375&page=10
MANCOSA
Microeconomic Essentials Jan25 Y1 S1
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Refer to the diagram below to answer the question that follows:
Price
PH
P1
D₁
ㅁ
X
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Time left 0:58:34
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2
Question 11
7 8
Not yet answered
Marked out of 1.00
13
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14
S₁
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Q Q1
Quantity
Which of the following may result in a shift of the supply curve from S to S1?
OA. An increase in price of the good.
B. An increase in wages.
O C. A decrease in price of the good.
O D. An improvement in the technique of production.
https://mancosaconnect.ac.za/mod/quiz/attempt.php?attempt=1958913&cmid=436375&page=10#question-2064270-11
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7:31 PM
Euros per U.S. Doler
Consider the model below, showing the supply and demand curves for the exchange market of U.S. Dollars and Euros. If
the inflation rate in the U.S. increases (and in the European Union stays the same), how will that change the original
equilibrium shown in the graph?
1.10-
1.00-
0.90
0.80-
0.70
0.60
0.50-
0.40-
0.30
0.20
E
4.7 48 49 50 51 52 53 54 55 56
Quantity of U.S. Dollars traded for Euros
(trillionsday)
O It will decrease the demand for Dollars and increase the supply, so the exchange rate decreases and the impact on the quantity traded
is unknown.
O It will decrease the demand for Dollars and increase the supply, so the exchange rate decreases, and the quantity traded increases.
It will increase the demand for Dollars and decrease the supply, so the exchange rate decreases, and the quantity traded increases.
It will increase the demand for Dollars and decrease the supply, so the exchange rate increases and the impact on the quantity traded
is unknown
If the US Federal Reserve increases interests on reserves, how will that change the original equilibrium shown in the
graph?
Euros par US
alar
1.10
1.00
0.90-
E
0.80-
0.70
0.60
0.50
0.40-
0.30
0.20
47 48 49 50 51 52 53 54 55 56
Quantity of US Dollars traded for Euros
(trillions/day)
It will increase the demand for Dollars and decrease the supply, so the exchange rate decreases, and the quantity traded increases.
O It will decrease the demand for Dollars and increase the supply, so the exchange rate decreases and the impact on the quantity traded
is unknown.
O It will increase the demand for Dollars and decrease the supply, so the exchange rate increases and the impact on the quantity traded
is unknown
O It will decrease the demand for Dollars and increase the supply, so the exchange rate decreases, and the quantity traded increases.
Question 22
5 pts
Chapter 4 Solutions
Microeconomics (13th Edition)
Ch. 4.1 - Prob. 1RQCh. 4.1 - Prob. 2RQCh. 4.1 - What makes the demand for some goods elastic and...Ch. 4.1 - Prob. 4RQCh. 4.1 - Prob. 5RQCh. 4.2 - Prob. 1RQCh. 4.2 - What does the sign (positive/negative) of the...Ch. 4.2 - What does the cross elasticity of demand measure?Ch. 4.2 - Prob. 4RQCh. 4.3 - Prob. 1RQ
Ch. 4.3 - Prob. 2RQCh. 4.3 - Prob. 3RQCh. 4.3 - Prob. 4RQCh. 4.3 - How does the time frame over which a supply...Ch. 4 - Rain spoils the strawberry crop, the price rises...Ch. 4 - If the quantity of dental services demanded...Ch. 4 - The demand schedule for hotel rooms is Price...Ch. 4 - The figure shows the demand for pens. Calculate...Ch. 4 - In 2015, an outbreak of Avian Flu decreased the...Ch. 4 - Prob. 6SPACh. 4 - Prob. 7SPACh. 4 - Prob. 8SPACh. 4 - The table sets out the supply schedule of jeans....Ch. 4 - Prob. 10APACh. 4 - Prob. 11APACh. 4 - Prob. 12APACh. 4 - Use the following table to work Problems 12 to 14....Ch. 4 - Prob. 14APACh. 4 - Prob. 15APACh. 4 - Prob. 16APACh. 4 - Public Transit Ridership Is Down Public transit...Ch. 4 - Prob. 18APACh. 4 - When Alexs income was 3,000, he bought 4 bagels...Ch. 4 - Prob. 20APACh. 4 - Prob. 21APACh. 4 - Prob. 22APACh. 4 - The table sets out the supply schedule of...Ch. 4 - Coal Production and Coal Price Down US. coal...Ch. 4 - Prob. 25APACh. 4 - Prob. 26APACh. 4 - Saudi Arabia Oil Revenues Shrink As the price of...
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