PAKET 2 PERMINTAAN DAN PENAWARAN

If Demand of Martabak decreases and supply of Martabak increases, then in the shortrun…..

• Both equilibrium price and quantity decrease

• Equilibrium quantity decreases and equilibrium price increases

• Equilibrium quantity increases and equilibrium price decreases

• Equilibrium quantity decreases and equilibrium price becomes ambiguous

• Equilibrium quantity becomes ambiguous and equilibrium price decreases

The price elasticity of demand for new Iphone equal to 2,5, if….

• An increase in Iphone price by $10 causes the quantity of Iphone demanded decreaseby 25 unit.

• An increase in Iphone price by $25 causes the quantity of Iphone demanded decreaseby 10 unit.

• An increase in Iphone price by 10% causes the quantity of Iphone demanded decreaseby 25%

• An increase in Iphone price by 25% causes the quantity of Iphone demanded decreaseby 10%

• None of the above

Assuming that “Gado-Gado” and “Ketoprak” are subtitutes, a decrease in the price ofGado-Gado will cause the demand curve for Ketoprak will…

• Unchanged, since Gado-Gado and Ketoprak are sold in the same seller.

• Shift to the left as consumers switch from Gado-Gado to Ketoprak

• Shift to the left as consumers switch from Ketoprak to Gado-Gado

• Shift to the right as consumers switch from Gado-Gado to Ketoprak

• Shift to the right as consumers switch from Ketoprak to Gado-Gado

Which of the following is not a result of a price ceiling?

• The amount of import goods in the domestic market increase

• Excess demand

• Long lines or wait times for consumers

• Deadweight loss

• The cost of shifting resources away from their comparative advantage

Suppose the demand function of Banana is P = 10Q – 15. What is the elasticity of Bananaat a price point of 2?

• 0,118

• 1,18

• 8,5

• 11,8

• None of the above

Which of the following are government regulations that cause deadweight loss?

• Subsidize

• Tax

• Tariff

• Quota

• All of the above

Suppose the demand function of Apple is Qd = 160 – 2P and supply function of Apple isQs = 50 + P. If government sets a tax by 9 per unit, the amount of tax paid by consumersis….

• 3

• 84

• 126

• 242

• 1022

Saat pendapatan Atina sebesar 2 juta, dia mengonsumsi 15 unit susu setiap bulannya. Saatpendapatan naik 50%, dia mengonsumsi susu sebanyak 20 unit. Maka, elastisitaspendapatan dan jenis barang dari susu tersebut adalah….

• -6,67 ; inferior

• 0,67 ; inferior

• -0,67 ; giffen

• 0,67 ; normal

• 6,67 ; normal

Suppose the incomes of buyers in a market for a particular inferior good increase andthere is also a reduction in input subsidizes from government. What would we expect tooccur in this market?

• Price equilibrium would be ambiguous and quantity equilibrium would increase

• Price equilibrium would be ambiguous and quantity equilibrium would decrease

• Price equilibrium would decrease and quantity equilibrium would be ambiguous

• Price equilibrium would increase and quantity equilibrium would be ambiguous

• Price and quantity equilibrium would be ambiguous

Which of the following options are the characteristics of fish in ocean?

• Rivalry and Excludable

• Non-Rivalry and Excludable

• Rivalry and Non-Excludable

• Non-Rivalry and Non-Excludable

• Semi-Rivalry and Semi-Excludable