Exercises for chapter1 Microeconomics

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Exercises for chapter1 Microeconomics

PRINCIPLE OF MICROECONOMICSINSTRUCTOR: NGUYEN VIET HOA (0378418749)EXERCISES FOR FINAL TEST TYPE 1: SVPPLY. DEMAND AND GOVERNMENT POLICIESExercise 1:

Exercises for chapter1 Microeconomics Consider the supply and demand schedule for good X as follow:p (S/kg)102030Q (kg)15105Q (kg)810121Supply function isA.Q = -0,5P + 20B.Q = 0.2P + 6c.

Q = 0.5P + 10D. None of the above2Demand function isA.Q = -0,5P + 20B.Q = 0.2P + 6c. Q = 0.5P + 10D. None of the above3Marker equilibrium price and qu Exercises for chapter1 Microeconomics

antity areA.p = 20. Q= 10B.P= 10. Q = 20C.p = 20. Ọ = 20D.None of the above4If Government imposes a price ceiling of 25$/kg, what will happen in the m

Exercises for chapter1 Microeconomics

arket?A.There will be a surplus in the marketB.There will be a shortage in the marketc. Market still operates at the equilibrium statusD. None of the

PRINCIPLE OF MICROECONOMICSINSTRUCTOR: NGUYEN VIET HOA (0378418749)EXERCISES FOR FINAL TEST TYPE 1: SVPPLY. DEMAND AND GOVERNMENT POLICIESExercise 1:

Exercises for chapter1 Microeconomics e in the marketc. Market still operates at the equilibrium statusD. None of the above6At the equilibrium point, demand isA.Relatively elasticB.Relativ

ely inelasticviethoa.k52?/ ftu.edu.vn1PRINCIPLE OF MICROECONOMICSINSTRUCTOR: NGUYEN VIET HOA (0378418749) Exercises for chapter1 Microeconomics

PRINCIPLE OF MICROECONOMICSINSTRUCTOR: NGUYEN VIET HOA (0378418749)EXERCISES FOR FINAL TEST TYPE 1: SVPPLY. DEMAND AND GOVERNMENT POLICIESExercise 1: