161.RefertoFigure4-7.ThemovementfromDbtoDainthemarketforpotatochipscouldbecausedbya(n)
a.decreaseinthepriceofpotatochips.
b.decreaseinincome,assumingthatpotatochipsareanormalgood.
c.announcementbytheFDAthatpotatochipslowercholesterol.
d.increaseinthepriceofapretzels.
Figure4-8
Figure4-8
162.RefertoFigure4-8.Supposethefigureshowsthemarketdemandforlaptopcomputers.Supposethepriceofwirelessprinters,acomplementarygood,decreases.Whichofthefollowingchangeswouldoccur?
a.amovementalongD2frompointAtopointB
b.amovementalongD2frompointBtopointA
c.ashiftfromD1toD2
d.ashiftfromD2toD1
163.RefertoFigure4-8.Supposethefigureshowsthemarketdemandforlaptopcomputers.Supposethepriceofwirelesskeyboards,acomplementarygood,increases.Whichofthefollowingchangeswouldoccur?
a.amovementalongD2frompointAtopointB
b.amovementalongD2frompointBtopointA
c.ashiftfromD1toD2
d.ashiftfromD2toD1
164.RefertoFigure4-8.SupposethefigureshowsthemarketdemandforBigBoxe-readers.Supposethepriceofthe leading competitor’s ereaders, a substitute good, decreases. Which of the following changes would occur?
a.amovementalongD2frompointAtopointB
b.amovementalongD2frompointBtopointA
c.ashiftfromD1toD2
d.ashiftfromD2toD1
165.RefertoFigure4-8.Supposethefigureshowsthemarketdemandforcoffee.Supposethepriceoftea,asubstitutegood,increases.Whichofthefollowingchangeswouldoccur?
a.amovementalongD2frompointAtopointB
b.amovementalongD2frompointBtopointA
c.ashiftfromD1toD2
d.ashiftfromD2toD1
166.Forthegeneralpopulation,a10percentincreaseinthepriceofcigarettesleadstoa
a.1percentreductioninthequantitydemandedofcigarettes.
b.4percentreductioninthequantitydemandedofcigarettes.
c.10percentreductioninthequantitydemandedofcigarettes.
d.12percentreductioninthequantitydemandedofcigarettes.
167.Forteenagers,a10percentincreaseinthepriceofcigarettesleadstoa
a.1percentreductioninthequantitydemandedofcigarettes.
b.4percentreductioninthequantitydemandedofcigarettes.
c.10percentreductioninthequantitydemandedofcigarettes.
d.12percentreductioninthequantitydemandedofcigarettes.
168.Thebeliefthattobaccoisa“gatewaydrug”isconsistentwith
a.theideathattobaccoandmarijuanaaresubstitutes.
b.theideathatanincreaseinincomecausesadecreaseinthedemandfortobaccoandanincreaseinthedemandformarijuana.
c.theideathatlowercigarettepricesareassociatedwithlessuseofmarijuana.
d.mostoftheavailableevidence.
169.Moststudiesindicatethattobaccoandmarijuanatendtobe
a.substitutes.
b.complements.
c.unrelatedbecauseonegoodislegalwhiletheotheroneisillegal.
d.inferiorgoods.
170.Opponentsofcigarettetaxesoftenarguethattobaccoandmarijuanaaresubstitutessothathighcigaretteprices
a.encouragemarijuanause,andtheevidencesupportsthisargument.
b.encouragemarijuanause,buttheevidencedoesnotsupportthisargument.
c.discouragemarijuanause,andtheevidencesupportsthisargument.
d.discouragemarijuanause,buttheevidencedoesnotsupportthisargument.
Figure4-9
Panel (a)Panel(b)
171.RefertoFigure4-9.Thegraphsshowthedemandforcigarettes.InPanel(a),thearrowsareconsistentwithwhichofthefollowingevents?
a.Thepriceofmarijuana,acomplementtocigarettes,increased.
b.Mandatoryhealthwarningswereplacedoncigarettepackages.
c.SeveralforeigncountriesbannedU.S.cigarettesintheircountries.
d.Ataxwasplacedoncigarettes.
172.RefertoFigure4-9.Thegraphsshowthedemandforcigarettes.InPanel(a),thearrowsareconsistentwithwhichofthefollowingevents?
a.Tobaccoandmarijuanaarecomplements,andthepriceofmarijuanadecreased.
b.Tobaccoisa“gatewaydrug,”andthepriceofmarijuanaincreased.
c.Thepriceofcigarettesincreased.
d.Thearrowsareconsistentwithalloftheseevents.
173.RefertoFigure4-9.Thegraphsshowthedemandforcigarettes.InPanel(b),thearrowsareconsistentwithwhichofthefollowingevents?
a.anincreaseinthepriceofcigarettes
b.placingataxoncigarettes
c.theprohibitionofcigaretteadvertisementsontelevision
d.decreasingthepriceofmarijuana,giventhattobaccoandmarijuanaarecomplements
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