Economics

2000 WordsSep 30, 20138 Pages
Economics for Managers 2e Paul Farnham Test Bank Sample Keywords: economics for managers 2nd edition economics for managers farnham economics for managers farnham solutions economics for managers farnham test bank Note: THIS IS NOT THE ACTUAL BOOK. YOU ARE SEARCHING for the Test Bank in e-version of the following book: Economics for Managers 2e Paul Farnham Source: http://economicsformanagersfarnham.wordpress.com/ Receive Solutions to Academic Problems within 24 hours! We have ALL the solutions for every end-of-chapter exercise in the book. The payment instruction is going to be sent to you by email and the solutions are going to be delivered 24 hours upon payment. Resource: Download a sample of Solution Manual for Economics…show more content…
D) Price will decrease; quantity cannot be determined. 8) Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes. Based on this information we can conclude, with certainty, that in the market for used single-family homes equilibrium: 8) _______ A) price will decrease. C) price will increase. B) quantity will increase. D) quantity will decrease. 9) Assume that in the market for plasma TVs there is a simultaneous increase in supply and an increase in the quantity demanded. The result will be: 9) _______ Prepare to receive your Test Bank in the next moment. Contact us at cpa.code@gmail.com A) an increase in equilibrium quantity and uncertain effect on equilibrium price. B) an increase in equilibrium price and quantity. C) a decrease in equilibrium price and increase in equilibrium quantity. D) a decrease in equilibrium price and quantity. 10) On September 3, 2003, Universal Music Group announced plans to reduce the wholesale price of music CDs it distributes by an average of 2530 percent. All else constant (i.e., ignoring the effects of file-sharing programs), how would this change affect the retail market for new music CDs? 10) ______ A) The supply of CDs would increase, causing equilibrium price to decrease and equilibrium quantity to increase. B) Demand for CDs would decrease, causing equilibrium price and quantity to decrease. C) Demand for CDs would increase, causing equilibrium price and

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