- Question 25 Consider The Market For College Education If The Number Of High School Graduates Falls While Simultaneously 1 (18.21 KiB) Viewed 16 times
- Question 25 Consider The Market For College Education If The Number Of High School Graduates Falls While Simultaneously 2 (16.18 KiB) Viewed 16 times
- Question 25 Consider The Market For College Education If The Number Of High School Graduates Falls While Simultaneously 3 (18.38 KiB) Viewed 16 times
QUESTION 23 Consider the production possibility below, if we are producing 11 units of Needles and are producing efficiently, it means that, units of Hay are being produced. PPC Needles 121-11 Hay 01 121 110 10 QUESTION 24 Consider the market for college education. If the number of high school graduates falls while simultaneously schools adopt low cost measures of instruction (e.g., online rather than learning in the classroom), we would expect the demand for education to shift and the supply of education to shift Odown, down Ⓒup: up Ⓒup; down O None of the above
QUESTION 21 Consider the market for swimsuits in a beach community. Relative to the off-season, i.e. during tourist season, we would expect the demand for swimsuits to shift leading to in the equilibrium price and in the quantity of swimsuits sold. O up; a decrease; an increase Oup; an increase; an increase Odown; an increase; an increase None of the above QUESTION 22 Consider the market for swimsuits in a beach community during the peak of tourist season. If a large great white shark bit some swimmers and the mayor closed the beaches, we would expect the demand for swimsuits to shift leading to in the equilibrium price and in the quantity quantity of swimsuits sold. down; an increase; an increase Oup; a decrease, a decrease down, an increase, a decrease None of the above