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《Chapter_4_The_Market_Forces_of_Supply_and_Demand》由會員上傳分享，免費在線閱讀，更多相關內容在學術論文-天天文庫。
1、Name:??Class:??Date:?Chapter4-TheMarketForcesofSupplyandDemand1.?Whenevaluatingdifferencesorsimilaritiesbetweenanincreaseinsupplyandanincreaseinquantitysupplied,whatdoweknow??a.?Theformerisashiftofthecurveandthelatterisamovementalongthecurve.?b.?Theformerisamovementalongthecurvean
2、dthelatterisashiftofthecurve.?c.?Bothareshiftsofthesupplycurve.?d.?Botharemovementsalongthecurve.ANSWER:??a2.?Workersatabicycleassemblyplantcurrentlymakeminimumwage.Iftheprovincialgovernmentincreasestheminimumwageby$1.00anhour,whatwilllikelyhappen??a.?Demandforbicycleassemblyworke
3、rswillincrease.?b.?Supplyofbicycleswillshifttotheright.?c.?Supplyofbicycleswillshifttotheleft.?d.?Thefirmmustincreaseoutputtomaintainprofitlevels.ANSWER:??c3.?Ifacarmanufacturerpurchasesnewlabour-savingtechnologyforitsassemblyline,whatwouldweNOTexpect??a.?lesslabourtobeused?b.?the
4、supplyofcarsproducedtoincrease?c.?coststothefirmtofall?d.?thepriceofcarstobeincreasedbythefirmANSWER:??d4.?Recentpinebeetleinfestationsthataredestroyingtreesinthewesternprovincesareexpectedtocausethepriceoflumbertoriseinthenextsixmonths.Asaresult,whatcanweexpecttohappentothesupply
5、oflumber??a.?Itwillfallinsixmonths,butnotnow.?b.?Itwillincreaseinsixmonthswhenthepricegoesup.?c.?Itwillfallnow.?d.?Itwillincreasenowtomeetasmuchdemandaspossible.ANSWER:??c5.?Ifsuppliersexpectthepriceoftheirproducttofallinthefuture,whatwilltheydo??a.?decreasesupplynow?b.?increasesu
6、pplynow?c.?increasesupplyinthefuture,butnotnow?d.?increasesupplynowanddecreaseitinthefutureANSWER:??b6.?FunstersInc.sellsitsmostpopulardollfor$35.Ithasjustlearnedthatitsleadingcompetitorismassproducinganexcellentcopyandplanstofloodthemarketwiththeir$10dollinsixweeks.WhatshouldFuns
7、tersdo??a.?increasethesupplyoftheirdollnowbeforetheotherdollhitsthemarket?b.?fightfirewithfireanddecreasesupplyforsixweeks,thenincreasethesupplyofitsdolltoo?c.?continuebusinessasusual,sinceconsumerswillnotbuythecheaperimitation?d.?discontinuetheirdollCopyrightCengageLearning.Power
8、edbyCognero.Page?70Name:??Class:?
