Introduction To Economics

A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention

A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resources

A. substitute good, inferior good
B. normal good inferior good
C. inferior good normal good
D. normal good, complementary good

A. substitute good
B. complementary good
C. bargain
D. inferior good

A. incomes
B. prices of related goods
C. tastes
D. all of the above

A. the price of related goods consumer income
B. consumer incomes, tastes
C. the costs of production bank opening hours
D. the price of related goods preferences

A. Everything is sold
B. Buyers spend all their money
C. Quantity demanded equal quality supplied
D. Excess demanded equals quantity
E. C and D

A. Demand
B. Supply
C. Excess demand
D. Excess supply

A. moves down to the right
B. moves up to the left
C. moves up to the right
D. moves down to the left

A. 20%
B. 2%
C. 12%
D. 16%