BODM 7200 Module 1: Introduction to Macroeconomics, the Data
of Macroeconomics, and National Income Exam- Graded A
Module 1
Status Finished
Started Sunday, August 24, 2025, 4:34 PM
Completed Sunday, August 24, 2025, 6:34 PM
Duration 2 hours
Grade 92.00 out of 100.00
Question 1
Correct 4.00 points out of 4.00
Use the following information to answer questions 1-5. The quantity of tea demanded, QD,
depends on the price of tea, PT, and the price of coffee, PC. The quantity of tea supplied,
QS, depends on the price of tea, PT, and the price of electricity, PE, according to the
following equations:
QD = 12 - 5PT + 3PC QS = 30 + 2PT - 4PE
If the price of coffee is $4.00 and the price of electricity is $5.00,
Select one:
the equilibrium price of tea is $3.00 and the equilibrium quantity is 9.
the equilibrium price of tea is $4.00 and the equilibrium quantity is 4.
the equilibrium price of tea is $2.00 and the equilibrium quantity is 14.
the equilibrium price of tea is $2.00 and the equilibrium quantity is 18.
The correct answer is: the equilibrium price of tea is $2.00 and the equilibrium quantity is 14.
, Question 2
Correct 4.00 points out of 4.00
The endogenous variables in this model are
Select one:
Price of tea and price of coffee.
Quantity of tea and quantity of coffee.
Price of tea and quantity of tea.
Price of tea and price of electricity.
The correct answer is: Price of tea and quantity of tea.
Question 3
Correct 4.00 points out of 4.00
The exogenous variables in this model are
Select one:
Price of tea and price of electricity.
Quantity of tea and price of electricity.
Quantity of tea and price of coffee.
Price of coffee and price of electricity.
The correct answer is: Price of coffee and price of electricity.
Question 4
Correct 4.00 points out of 4.00
If the demand equation becomes QD = 22 - 5PT + 3PC , it implies that
Select one:
The demand curve has shifted to the right.
The demand curve has shifted to the left.
There is a movement upward along the demand curve.
There is a movement downward along the demand curve.
The correct answer is: The demand curve has shifted to the right.
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of Macroeconomics, and National Income Exam- Graded A
Module 1
Status Finished
Started Sunday, August 24, 2025, 4:34 PM
Completed Sunday, August 24, 2025, 6:34 PM
Duration 2 hours
Grade 92.00 out of 100.00
Question 1
Correct 4.00 points out of 4.00
Use the following information to answer questions 1-5. The quantity of tea demanded, QD,
depends on the price of tea, PT, and the price of coffee, PC. The quantity of tea supplied,
QS, depends on the price of tea, PT, and the price of electricity, PE, according to the
following equations:
QD = 12 - 5PT + 3PC QS = 30 + 2PT - 4PE
If the price of coffee is $4.00 and the price of electricity is $5.00,
Select one:
the equilibrium price of tea is $3.00 and the equilibrium quantity is 9.
the equilibrium price of tea is $4.00 and the equilibrium quantity is 4.
the equilibrium price of tea is $2.00 and the equilibrium quantity is 14.
the equilibrium price of tea is $2.00 and the equilibrium quantity is 18.
The correct answer is: the equilibrium price of tea is $2.00 and the equilibrium quantity is 14.
, Question 2
Correct 4.00 points out of 4.00
The endogenous variables in this model are
Select one:
Price of tea and price of coffee.
Quantity of tea and quantity of coffee.
Price of tea and quantity of tea.
Price of tea and price of electricity.
The correct answer is: Price of tea and quantity of tea.
Question 3
Correct 4.00 points out of 4.00
The exogenous variables in this model are
Select one:
Price of tea and price of electricity.
Quantity of tea and price of electricity.
Quantity of tea and price of coffee.
Price of coffee and price of electricity.
The correct answer is: Price of coffee and price of electricity.
Question 4
Correct 4.00 points out of 4.00
If the demand equation becomes QD = 22 - 5PT + 3PC , it implies that
Select one:
The demand curve has shifted to the right.
The demand curve has shifted to the left.
There is a movement upward along the demand curve.
There is a movement downward along the demand curve.
The correct answer is: The demand curve has shifted to the right.
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