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  • Suppose you buy Economics by David King. What is the opportunity cost of your purchase? #371
  • The supply and demand model applies when three of the following four conditions are met. Which condition is not required? #372
  • Which of the following predictions is not made by the supply and demand model? #373
  • Suppose there is excess supply in a market and the price decreases. Which of the following combinations of events will occur? #374
  • Suppose there is a decrease in supply in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the following would not occur? #375
  • Suppose a market is in equilibrium, and then the demand increases. Which of the following would be shown on a graph that illustrated the effects? #376
  • Suppose there is an increase in demand in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the following might not occur? #377
  • Which of the following might not lead to an increase in the demand for a product that can be stored? #378
  • Which of the following might not lead to a decrease in the demand for a type of labour? #379
  • Which of the following would not lead to a decrease in the supply of a product that can be stored? #380
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