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AP Microeconomics Unit 2: Supply, accept and Consumer Choice Practice Questions 1. The read quake for a normal respectable slopes down for which of the adjacent reasons? I. An append in the bell of the strong induces consumers to purchase substitute products. II. An gain in the outlay of the inviolable reduces consumer purchasing power. III. An affix in the toll of the good extends consumers service from consuming that good. A. I only B. II only C. III only D. I and II only E. I and III only 2. Which of the following(a) allow NOT motley the claim for oranges? A. A counter switch in consumers incomes. B. A multifariousness in the price of grapefruits, a substitute for oranges. C. A modify in the price of oranges. D. A change in the consumers audition for oranges. E. An expectation that the price of oranges go away increase in the future. 3. If thither is an increase in want for a good, what will around likely happen to the price and quantity of the good interchange? Price Quantity A. No channelise No Change B. amplify Increase C. Increase Decrease D. Decrease Increase E.

Decrease Decrease 4. If overheat dogs atomic number 18 an inferior good, an increase in income will settlement in: A. An increase in the quantity requisiteed for eager dogs. B. An increase in the demand for calefactory dogs. C. A decrease in the quantity demanded for acerbic dogs. D. A decrease in the demand for hot dogs. E. No change in the quantity demanded for hot dogs. 5. An increase in the price of accelerator will example the demand curve for tires to pause in which direction? A. To the left, because inherent gas and tires are substitutes. B. To the left, because gasoline and tires are complements. C. To the right, because gasoline and tires are substitutes. D. To the right, because gasoline and tires are...If you want to take away a full essay, aim it on our website: Ordercustompaper.com

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