Eco365Week2Quiz

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Week2 Supply and Demand, Elasticity Quiz

Week Two: Supply and Demand, Elasticity Quiz

THIS IS AN INDIVIDUAL ASSIGNMENT. It is a violation of the academic code of conduct to solicit or accept help from any outside source, including a tutor, online assistance, or any other resource. Evidence of cheating on the quiz will be met with very dire consequences. You may use your textbook and discussions in the main forum.

Clearly mark your answers by changing the color of your choices, using highlighting, or bold. Submit your quiz paper through the Assignment tab.

Multiple Choice - select the best response; each response is worth 1 point

1.According to the law of demand, a decrease in the price of personal computers will,

ceteris paribus, lead to:

a.an increase in the demand for...

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