Econ CUA 2 Review Fall 2019

Your demand for this type of good would increase if you lost your job...

The result of a price ceiling is

The BEST example of a pure public good...

If technology increases the manufacturing rate, what will happen?

Sweetest Day is fast approaching! Which of the following will happen as a result of demand inc.

What will change the demand for a good?

What best describes market price, or equilibrium?

A price floor is set

2 characteristics of a pure public good are...

To fix the problem of a shortage, what has to happen?

If the quantity supplied of workers is more than the quantity demanded by employers...

The relationship between price and quantity supplied is

If the price of a complementary good increases, what will happen to demand for the other good?

You are a producer of car tires, what would happen if the price of rubber increased?

What is another word for inputs?

What causes a decrease in the quantity demanded for a good?

What is demand?

The result of a price floor is

To fix the problem of a surplus, what would have to happen?

Which of the following would change demand?

What would change the supply of a good?

A Michael Jackson autographed CD would have what kind of supply curve?

Which of the following would change supply?

The relationship between price and quantity demanded is

A price ceiling is set

Which of the following is a negative externality?

Which of the following is a positive externality?

As you increase consumption, your satisfaction decreases with each additional purchase