Question : 45) The above figure shows the market for laptops. Which : 1241460

 

 

 

45) The above figure shows the market for laptops. Which of the following causes a movement from A to B?

A) a decrease in the number of laptop manufactures and sellers

B) an increase in the productivity of the workers manufacturing laptops

C) an increase in the cost of hard drives

D) an increase in the price of laptops

E) a decrease in the price of laptops

 

46) The above figure shows the market for laptops. Which of the following causes a movement from B to A?

A) an increase in the cost of hard drives

B) an increase in the productivity of the workers manufacturing laptops

C) a decrease in the price of laptops

D) an increase in the price of laptops

E) an increase in the number of laptop manufactures and sellers

47) The above figure shows the market for laptops. Which of the following shifts the supply curve from S0 to S2?

A) an increase in the cost of hard drives

B) an increase in the productivity of the workers manufacturing laptops

C) a decrease in the price of laptops

D) an increase in the price of laptops

E) a decrease in the number of laptop manufactures and sellers

 

48) The above figure shows the market for laptops. Which of the following shifts the supply curve from S0 to S1?

A) an increase in the cost of hard drives

B) a decrease in the price of laptops

C) an increase in the number of laptop manufactures and sellers

D) an increase in the price of laptops

E) an increase in the productivity of the workers manufacturing laptops

49) The above figure illustrates the market for corn. If point “a” represents the original equilibrium and point “b” the new equilibrium, which of the following could have caused the change?

A) an increase in consumers’ preferences for corn

B) an increase in consumers’ income if corn is a normal good

C) an increase in labor costs of producing corn

D) an improvement in the technology of producing corn

E) an increase in consumers’ income if corn is an inferior good

 

50) The above figure illustrates the market for corn. If point “a” represents the original equilibrium and point “b” the new equilibrium, which of the following could have caused the change?

A) an increase in the number of corn growers

B) an increase the price of wheat, a substitute in production for corn

C) an increase in the cost of the fertilizer used to grow the corn

D) a belief among corn farmers that the price of a bushel of corn will be higher next month

E) an increase in income if corn is a normal good

51) The above figure illustrates the market for corn. If point “a” represents the original equilibrium and point “b” the new equilibrium, which of the following could have caused the change?

A) a decrease in the number of corn growers

B) a decrease the price of wheat, a substitute in production for corn

C) an increase in the cost of the seed used to grow the corn

D) an decrease in buyers’ incomes if corn is an inferior good

E) an increased belief among buyers that corn is healthy

 

52) In the figure above, if point “a” represents the original equilibrium and point “b” the new equilibrium, then

A) there has been an increase in supply.

B) there has been an increase in demand.

C) there has been a change in the quantity supplied and no change in supply.

D) Both answers B and C are correct.

E) Both answers A and B are correct.

 

53) Autoworkers negotiate a wage increase. How does this change affect the supply curve of cars?

A) It shifts the supply curve leftward.

B) It shifts the supply curve rightward.

C) It does not shift the supply curve or create a movement along it.

D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all.

E) It creates a movement downward along the supply curve.

54) If the supply of iPods increases, then

i)the supply curve for iPods has shifted rightward.

ii)the price of iPods has decreased.

iii)there will be a movement upward along the iPod supply curve.

A) i only

B) i, ii and iii

C) i and ii

D) ii and iii

E) i and iii

 

 

 

 

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