WorksheetsMicroeconomía
Total questions: 11
Worksheet time: 9mins
1. Consider the following functions of supply and demand of a market of a good: Q = 150 P – 300
Q = 62,700 – 300 P
Indicate which is the equilibrium quantity.
a) 140
20,700
a) 24,300
The following table shows the tables of demand and supply of Hugo Boss jeans. Which is the quantity of equilibrium?
60
110
100
In the economy that is presented in the graph, is it posible to produce 4 millions of pizza and 10 millions of Apple juice?
True
False
1. A curve indicating the quantities that buyers are willing to purchase at various prices is known as a(n) curve.
(a)
Mark would like to buy a new car for $20,000. However, he doesn't have any savings and he doesn't qualify for a loan. Thus, his desire for a car does not translate into
demand.
(a)
Tabitha needs furniture for her room. She is deciding between a medium-sized couch and a large armchair. Either the couch or the armchair could fulfill her need for sitting space in the room. The couch and the armchair can be referred to as
goods.
(a)
When people eat french fries, they like to put ketchup on them. Due to an increase in the price of french fries, total sales of french fries decrease. At the same time, ketchup sales also decrease. This phenomenon can be explained by noting that french fries and ketchup are goods.
(a)
Surplus and shortage are both instances of .
(a)
In general, in a basic model showing supply and demand, if the supply curve shifts to the right, equilibrium price will and equilibrium quantity supplied will .
(a)
The supply of real GDP is a function of
(a)
Es considerado el padre de la Microeconomía
John Maynard Keynes
Adam Smith
Donald Trump
Carlos Marx
