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AP Macro 1.4 & 1.5

Authored by Eric Tatum

12th Grade

Used 4+ times

AP Macro 1.4 & 1.5
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will cause the demand for milk to decrease?

Increase in the price of a substitute

a decrease in income assuming that milk is a normal good

a decrease in the price of milk

a decrease in the price of a complementary good

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will cause the quantity demanded of milk to decrease?

Increase in the price of a substitute

a decrease in the price of milk

An increase in the price of milk

a decrease in the price of a complementary good

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The supply curve for automobiles will shift to the left in response to

an increase in the efficiency of robot technology

an increase in wages in the automobile industry

a decrease in the number of consumers purchasing automobiles

a decrease in consumers' income

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a determinant of demand?

income

price

number of buyers / consumers

expectations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When expectation of future price increases, what happens to the demand for the original good?

it increases

it remains unchanged

it decreases

it is not affected

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following scenarios will NOT cause demand to increase?

Substitutes' prices increase

Income decreases

Compliments' prices decrease

Number of buyers/consumers increases

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A leftward shift of a supply curve for avocados (a normal good) might be caused by

An improvement in avocado picking techniques

A decrease in the wages that must be paid to avocado pickers

An increase in consumer incomes

Some avocado famers leaving the market

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