11/21/23,d9:31dPM ManagerialdEconomicsdanddBusinessdStrategyd8thdEditiondbydBayedanddPri
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Chapterd02
dMarketdForces:dDemanddanddSupp
ly
MultipledChoicedQuestions
1. Indadcompetitivedmarket,dthedmarketddemanddisdQdd=d60d-
d6PdanddthedmarketdsupplydisdQsd=d4P.dAd pricedceilingdofd$3dwilldresultdinda
A. shortagedofd30dunits.
B. shortagedofd15dunits.
C. surplusdofd30dunits.
D. surplusdofd12dunits.
2. Indadcompetitivedmarket,dthedmarketddemanddisdQdd=d60d-
d6PdanddthedmarketdsupplydisdQsd=d4P.dThed fulldeconomicdpricedunderdadpricedceilingdofd$3
dis
A. 6.
B. 7.
C. 8.
D. 9.
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3. Thedbuyerdsidedofdthedmarketdisdknowndasdthe:
A. incomedside.
B. demanddside.
C. supplydside.
D. sellerdside.
4. Thedlawdofddemanddstatesdthat,dholdingdalldelsedconstant:
A. asdpricedfalls,ddemanddwilldfalldalso.
B. asdpricedrises,ddemanddwilldalsodrise.
C. pricedhasdnodeffectdondquantityddemanded.
D. asdpricedfalls,dquantityddemandeddrises.
5. WhichdofdthedfollowingdwoulddnotdshiftdtheddemanddfordgooddA?
A. DropdindpricedofdgooddA.
B. DropdindpricedofdgooddB.
C. Consumerd income.
D. ChangedindthedleveldofdadvertisingdofdgooddA.
6. ChangesdindthedpricedofdgooddAdleaddtodadchangedin:
A. demanddofdgooddA.
B. demanddofdgooddB.
C. thedquantityddemandeddofdgooddA.
D. thedquantityddemandeddofdgooddB.
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Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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7. Adchangedindincomedwilldnotdleaddto:
A. admovementdalongdtheddemanddcurve.
B. adleftwarddshiftdofdtheddemanddcurve.
C. adrightwarddshiftdofdtheddemanddcurve.
D. alldofdthedstatementsdassociateddwithdthedquestiondaredcorrect.
8. IfdgooddAdisdandinferiordgood,dandincreasedindincomedleadsdto:
A. addecreasedindtheddemanddfordgooddB.
B. addecreasedindtheddemanddfordgooddA.
C. andincreasedindtheddemanddfordgooddA.
D. nodchangedindthedquantityddemandeddofdgooddA.
9. Whichdofdthedfollowingdisdprobablydnotdadnormaldgood?
A. designerddresses.
B. lobster.
C. macaronidanddcheese.
D. expensived automobiles.
10. Andincreasedindthedpricedofdsteakdwilldprobablydleaddto:
A. andincreasedinddemanddfordchicken.
B. andincreasedinddemanddfordsteak.
C. nodchangedindtheddemanddfordsteakdordchicken.
D. andincreasedindthedsupplydfordchicken.
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Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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11. Whichdofdthedfollowingdpairsdofdgoodsdaredprobablydcomplements?
A. Televisionsdanddrollerdskates.
B. Frozendyogurtdanddicedcream.
C. Steakdanddchicken.
D. Hamburgersdanddketchup.
12. IfdAdanddBdaredcomplements,dandincreasedindthedpricedofdgooddAdwould:
A. havednodeffectdondthedquantityddemandeddofdB.
B. leaddtodandincreasedinddemanddfordB.
C. leaddtodaddecreasedinddemanddfordB.
D. nonedofdthedstatementsdassociateddwithdthisdquestiondaredcorrect.
13. Graphically,daddecreasedindadvertisingdwilldcausedtheddemanddcurvedto:
A. becomedsteeper.
B. shiftdrightward.
C. becomedflatter.
D. shiftdleftward.
14. Persuasived advertisingd influencesd demandd by:
A. providingdinformationdaboutdthedavailabilitydofdadproduct.
B. offeringdreduceddpricesdfordthedproduct.
C. alteringdthedunderlyingdtastesdofdconsumers.
D. nonedofdthedstatementsdaredcorrect.
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©d2014dbydMcGraw-
Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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Chapterd02
dMarketdForces:dDemanddanddSupp
ly
MultipledChoicedQuestions
1. Indadcompetitivedmarket,dthedmarketddemanddisdQdd=d60d-
d6PdanddthedmarketdsupplydisdQsd=d4P.dAd pricedceilingdofd$3dwilldresultdinda
A. shortagedofd30dunits.
B. shortagedofd15dunits.
C. surplusdofd30dunits.
D. surplusdofd12dunits.
2. Indadcompetitivedmarket,dthedmarketddemanddisdQdd=d60d-
d6PdanddthedmarketdsupplydisdQsd=d4P.dThed fulldeconomicdpricedunderdadpricedceilingdofd$3
dis
A. 6.
B. 7.
C. 8.
D. 9.
2-1
©d2014dbydMcGraw-
Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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3. Thedbuyerdsidedofdthedmarketdisdknowndasdthe:
A. incomedside.
B. demanddside.
C. supplydside.
D. sellerdside.
4. Thedlawdofddemanddstatesdthat,dholdingdalldelsedconstant:
A. asdpricedfalls,ddemanddwilldfalldalso.
B. asdpricedrises,ddemanddwilldalsodrise.
C. pricedhasdnodeffectdondquantityddemanded.
D. asdpricedfalls,dquantityddemandeddrises.
5. WhichdofdthedfollowingdwoulddnotdshiftdtheddemanddfordgooddA?
A. DropdindpricedofdgooddA.
B. DropdindpricedofdgooddB.
C. Consumerd income.
D. ChangedindthedleveldofdadvertisingdofdgooddA.
6. ChangesdindthedpricedofdgooddAdleaddtodadchangedin:
A. demanddofdgooddA.
B. demanddofdgooddB.
C. thedquantityddemandeddofdgooddA.
D. thedquantityddemandeddofdgooddB.
2-2
©d2014dbydMcGraw-
Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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7. Adchangedindincomedwilldnotdleaddto:
A. admovementdalongdtheddemanddcurve.
B. adleftwarddshiftdofdtheddemanddcurve.
C. adrightwarddshiftdofdtheddemanddcurve.
D. alldofdthedstatementsdassociateddwithdthedquestiondaredcorrect.
8. IfdgooddAdisdandinferiordgood,dandincreasedindincomedleadsdto:
A. addecreasedindtheddemanddfordgooddB.
B. addecreasedindtheddemanddfordgooddA.
C. andincreasedindtheddemanddfordgooddA.
D. nodchangedindthedquantityddemandeddofdgooddA.
9. Whichdofdthedfollowingdisdprobablydnotdadnormaldgood?
A. designerddresses.
B. lobster.
C. macaronidanddcheese.
D. expensived automobiles.
10. Andincreasedindthedpricedofdsteakdwilldprobablydleaddto:
A. andincreasedinddemanddfordchicken.
B. andincreasedinddemanddfordsteak.
C. nodchangedindtheddemanddfordsteakdordchicken.
D. andincreasedindthedsupplydfordchicken.
2-3
©d2014dbydMcGraw-
Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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11. Whichdofdthedfollowingdpairsdofdgoodsdaredprobablydcomplements?
A. Televisionsdanddrollerdskates.
B. Frozendyogurtdanddicedcream.
C. Steakdanddchicken.
D. Hamburgersdanddketchup.
12. IfdAdanddBdaredcomplements,dandincreasedindthedpricedofdgooddAdwould:
A. havednodeffectdondthedquantityddemandeddofdB.
B. leaddtodandincreasedinddemanddfordB.
C. leaddtodaddecreasedinddemanddfordB.
D. nonedofdthedstatementsdassociateddwithdthisdquestiondaredcorrect.
13. Graphically,daddecreasedindadvertisingdwilldcausedtheddemanddcurvedto:
A. becomedsteeper.
B. shiftdrightward.
C. becomedflatter.
D. shiftdleftward.
14. Persuasived advertisingd influencesd demandd by:
A. providingdinformationdaboutdthedavailabilitydofdadproduct.
B. offeringdreduceddpricesdfordthedproduct.
C. alteringdthedunderlyingdtastesdofdconsumers.
D. nonedofdthedstatementsdaredcorrect.
2-4
©d2014dbydMcGraw-
Hill dEducation. dThisdis dproprietarydmaterialdsolelydfordauthorized dinstructorduse.dNotdauthorizeddfordsale dorddistributiond indany
dmanner. dThisddocument dmaydnotdbedcopied, dscanned, dduplicated, dforwarded, ddistributed, dor dposteddondadwebsite, dindwhole dor
dpart.
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