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100年 - 100上1高三地理 - 臺南市國立善化高中100 上學期高三地理第一次段考(期中考)#56154
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1. Suppose that demand increases AND supply decreases. What would happen in the market for the good? (A) Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. (B) Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. (C) Both equilibrium price and quantity would increase. (D) Both equilibrium price and quantity would decrease.
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2. Exports are (A) a limit placed on the quantity of goods brought into a country. (B) goods produced abroad and sold domestically. (C) a country’s ability to produce a good (D) goods produced domestically and sold abroad
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3. A perfectly inelastic demand implies that buyers (A) decrease their purchases when the price rises. (B) purchase the same amount when the price rises or falls. (C) increase their purchases only slightly when the price falls. (D) respond substantially to an increase in price.
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4. The area below a demand curve and above the price measures (A) producer surplus. (B) total surplus. (C) consumer surplus. (D) willingness to pay.
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