Foundations of economics 6th by parkin ch04 clicker questions

increases; increases Question 1 When the price of a cell phone falls and other things remain the same, the quantity of cell phones demanded ________, and the demand for cell phone ______

Click on the button to go to the Question Click on the button to go to the problem

Demand and Supply 4

CLICKER QUESTIONS

Click on the button to go to the Question Click on the button to go to the problem

Question 1

Question 2

Question 3

Question 4 Question 5

Question 7 Question 8 Question 6 Question 9

Question 10

Checkpoint 4.1 Checkpoint 4.2 Checkpoint 4.3

© 2013 Pearson

CHECKPOINT 4.1

A is unchanged; increases

B decreases; is unchanged

C decreases; decreases

D increases; is unchanged

E increases; increases

Question 1

When the price of a cell phone falls and other things remain the same, the quantity of cell phones demanded , and the demand for cell phone

CHECKPOINT 4.1

A a rise in income if pizza is a

normal good.

B a fall in the price of fried

chicken, a substitute for pizza.

C consumers coming to believe

that pizza is unhealthy.

D the belief that pizza will fall in

price next month.

E a fall in the price of a pizza

Question 2

The shift of the demand curve for

pizza illustrated in the figure could be the result of

CHECKPOINT 4.1

A the demand for pizzas decreases and the demand for

tacos increases

B the demand for both goods decreases

C the quantity of tacos demanded increases, and the

quantity of pizza demanded decreases

D the quantity of pizza demanded decreases, and the

demand for tacos increases

E the demand for each good decreases because both are

normal goods

Question 3

Pizza and tacos are substitutes If the price of a pizza rises, then _

CHECKPOINT 4.2

A the amount that people are able to sell

B the amount that people are willing to sell

C the amount that people are able and willing to sell

D the amount that people are willing and able to buy

E the amount sold

Question 4

The quantity supplied of a good, service, or resource is during a specified period and at a specified price

© 2013 Pearson

CHECKPOINT 4.2

A the quantity of jeans supplied increasing

B the supply of jeans increasing

C buyers demanding more jeans because they are now

more efficiently produced

D buyers demanding fewer jeans because their price will

fall, which signals lower quality

E some change but the impact on the supply of jeans is

impossible to predict

Question 5

An increase in the productivity of workers who sew jeans will result in _

CHECKPOINT 4.2

A increases; shifts rightward

B increases; shifts leftward

C decreases; shifts rightward

D decreases; shifts leftward

E does not change; does not shift

Question 6

Suppose the price of leather used to produce shoes

increases The higher price of leather the supply of shoes, and the supply curve of shoes

© 2013 Pearson

CHECKPOINT 4.3

A i and ii

B i and iii

C ii and iii

D i, ii, and iii

E only iii

Question 7

Which of the following statements is correct?

i.A surplus of a good puts downward pressure on the price of the good

ii.A shortage of a good puts upward pressure on the price of the good

iii.At the market equilibrium, there’s no surplus or shortage

CHECKPOINT 4.3

A rises; increases

B rises; decreases

C falls; increases

D falls; decreases

E does not change; decreases

Question 8

If the price of lettuce used to produce tacos increases, then the equilibrium price of a taco , and the equilibrium

quantity of tacos

© 2013 Pearson

CHECKPOINT 4.3

A quantity of ceiling fans demanded increases, and a

surplus of ceiling fans occurs

B demand for ceiling fans increases, and the price of a

ceiling fan rises

C demand for ceiling fans increases, and a surplus of

ceiling fans occurs

D supply of ceiling fans increases, and the price of a ceiling

fan doesn’t change

E both the demand for and supply of ceiling fans increases

Question 9

When the number of buyers of ceiling fans increases,

CHECKPOINT 4.3

A falls to $1.25 a carton

B rises to $2.00 carton

C rises by 25 cents a carton

D falls by 25 cents a carton

E doesn’t change

Question 10

If the supply of milk

decreases by 45 cartons, the

price of milk

The Market for Milk