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  1. #1
    Banned Nightclubber's Avatar
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    Economics majors GTFIH! (paypal!!)

    .25 per question answered

    1. The price elasticity of demand reflects the responsiveness of:
    2. Suppose that you see the same number of movies every month no matter what happens to the price of movies. This suggests that your demand for movies is:
    3. If a product is a necessity and has no substitutes at all, demand for the product is most likely to be:
    4. Other things being equal, if more alternative energies are available, we would expect the demand for gasoline to be:
    5. If a product has a large number of excellent substitutes, demand for the product is most likely to be:
    6. If consumers have a long time to respond to an increase in electricity prices their demand is likely to be ________ than if they are only given a short time.
    7. Demand for low budget items, such as candy, is generally ________ than demand for large budget items, such as automobiles.
    8. The price elasticity of demand increases as:
    9. In wealthy countries such as the United States, the price elasticity of the demand for food is ________ it is in poorer countries.
    10. If, regardless of price, the quantity demanded is a constant amount, then the demand curve is:
    11. Firms like to know the price elasticity of demand because it determines how price changes affect:
    12. Suppose we observe that as a firm increases its price its total revenue decreases. What do we know?
    13. The supply curve will be more elastic when:
    14. Adam Smith taught that individual buyers and sellers who act in their own self interest frequently promote society's interest. What assumption is needed for society's interest to be promoted?
    15. If a consumer buys a good we know that her willingness to pay:
    16. Suppose that the supply of gasoline increases. Price will ________ and consumer surplus will ________.
    17. Producer surplus is defined as:
    18. Suppose that the price of macaroni drops. Quantity supplied will ________ and producer surplus will ________.
    19. Economists call the phenomenon that leads individual consumers and producers to the market equilibrium:
    20. In order to correct mismatches between supply and demand, experts in a planned economy might set prices by:
    21. If the government imposes a maximum price on rental apartments that is below the equilibrium price, we can expect to see:
    22. Refer to Figure 7.4. If consumers currently gain at the expense of producers, a maximum price must have been set at:
    23. An import restriction ________ the market price and ________ the total surplus of the market.
    24. Suppose that the government imposes a ban on imported sugar, and the price of sugar sold in the country does not increase. The most likely explanation is that:
    25. A ban on imports will ________ the price domestic consumers pay for the
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  2. #2
    Registered User Stteven's Avatar
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    Red.
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  3. #3
    Banned Nightclubber's Avatar
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    bmp, im dead serious....ill send whoever an invoice right now
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  4. #4
    Registered User michael_xyz's Avatar
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    Dude.

    Most of those are VERY simple. You just need a couple of classes to even know those. Next time listen in class bruh.
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  5. #5
    Banned Nightclubber's Avatar
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    Originally Posted by michael_xyz View Post
    Dude.

    Most of those are VERY simple. You just need a couple of classes to even know those. Next time listen in class bruh.
    i lost my book when i was in the library the other day, and its closed on the weekends....i would do them if i could man...can u help me out
    ?
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  6. #6
    now playing nin-com-poop's Avatar
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    This is introductory economics...stop spending time here and read the book. SRS.
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  7. #7
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    I remember a long time ago in college I did the same thing, only with a 10 page paper. Paypal'd the dude 20$ and the paper was good.

    Got a zero on it because someone got my IP and snitched to the professor somehow.. srs.

    Anyways, those questions are easy as hell dude. Plus it's really good knowledge to know, whether you think so right now or not.
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  8. #8
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    Im in an introductory to economics and I know all those lol. Next time pay attention red
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  9. #9
    Registered User Dr Miscer's Avatar
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    Red to all
    I rep back. Put your # of reps for reference.




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  10. #10
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    guys, i forgot my book in the library! test is tomorow! i need your help, i will send an invoice right now..!!!
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    another quality thread by Nightclubber
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  12. #12
    The Great One youngb11's Avatar
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    go study with a partner who has the book

    how the **** r u going to do well on the test if you dont have the book
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  13. #13
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    lulz free answer

    The price elasticity of demand reflects the responsiveness of:

    2. Suppose that you see the same number of movies every month no matter what happens to the price of movies. This suggests that your demand for movies is:

    3. If a product is a necessity and has no substitutes at all, demand for the product is most likely to be:

    4. Other things being equal, if more alternative energies are available, we would
    expect the demand for gasoline to be:

    5. If a product has a large number of excellent substitutes, demand for the product is most likely to be:

    6. If consumers have a long time to respond to an increase in electricity prices their demand is likely to be ________ than if they are only given a short time.

    7. Demand for low budget items, such as candy, is generally ________ than demand for large budget items, such as automobiles.

    8. The price elasticity of demand increases as:

    9. In wealthy countries such as the United States, the price elasticity of the demand for food is ________ it is in poorer countries.

    10. If, regardless of price, the quantity demanded is a constant amount, then the demand curve is:

    11. Firms like to know the price elasticity of demand because it determines how price changes affect:

    12. Suppose we observe that as a firm increases its price its total revenue decreases. What do we know?

    13. The supply curve will be more elastic when:

    14. Adam Smith taught that individual buyers and sellers who act in their own self interest frequently promote society's interest. What assumption is needed for society's interest to be promoted?

    15. If a consumer buys a good we know that her willingness to pay:

    16. Suppose that the supply of gasoline increases. Price will ________ and consumer surplus will ________.

    17. Producer surplus is defined as:

    18. Suppose that the price of macaroni drops. Quantity supplied will ________ and producer surplus will ________.

    19. Economists call the phenomenon that leads individual consumers and producers to the market equilibrium:

    20. In order to correct mismatches between supply and demand, experts in a planned economy might set prices by:

    21. If the government imposes a maximum price on rental apartments that is below the equilibrium price, we can expect to see:

    22. Refer to Figure 7.4. If consumers currently gain at the expense of producers, a maximum price must have been set at:

    23. An import restriction ________ the market price and ________ the total surplus of the market.

    24. Suppose that the government imposes a ban on imported sugar, and the price of sugar sold in the country does not increase. The most likely explanation is that:
    imported sugar sold for a higher price than domestic sugar before the ban.

    25. A ban on imports will ________ the price domestic consumers pay for the
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  14. #14
    started:120lbs homedogalex's Avatar
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    First 5 for you, this **** is easy

    1. The price elasticity of demand reflects the responsiveness of: - demand (in response to/a change in price)
    2. Suppose that you see the same number of movies every month no matter what happens to the price of movies. This suggests that your demand for movies is: - inelastic
    3. If a product is a necessity and has no substitutes at all, demand for the product is most likely to be: - inelastic
    4. Other things being equal, if more alternative energies are available, we would expect the demand for gasoline to be: - increasingly elastic
    5. If a product has a large number of excellent substitutes, demand for the product is most likely to be: elastic
    -------------------------------------------------


    Think I'm being trolled eh? Economics MAJOR and you can't even answer a couple elasticity questions. Oh well, only took about a minute if that.
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  15. #15
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    these are basic questions, but i forgot...lol...just read the book...they aer simple questions if u just know the def. of the key words
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    25. increase... paypal me 0.25 cents now!!!!!


    But on a serious note it's all about elasticity. read up on that.
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  17. #17
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    Negged for being a lazy twat. Some of these questions are ricockulously easy to answer and most can be catered for via a quick google search.
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    fuark...im taking intermediate macro and dont know these..damn...
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    Originally Posted by JPA1384 View Post
    fuark...im taking intermediate macro and dont know these..damn...
    age: 46
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  20. #20
    Suns Out, Guns Out McGillacutty's Avatar
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    you pay like sh!t, and those questions are easy as fuk... do it yourself, OP.
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  21. #21
    Banned Fozzy13's Avatar
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    Originally Posted by Nightclubber View Post
    age: 46
    status: lowest scum of this board
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  22. #22
    Banned Nightclubber's Avatar
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    Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank)
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    Originally Posted by JPA1384 View Post
    status: lowest scum of this board
    i wasnt hatin dude, dont be so insecure
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  23. #23
    Banned Nightclubber's Avatar
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    Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank)
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    keep the answers coming
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  24. #24
    Banned Nightclubber's Avatar
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    yea i will give u 5 bucks if u answer all of them (dead srs) ill send u an invoice..but answers have to be correct...i think its fair since the questions are sooo easy
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  25. #25
    Very Thundergun scotyg's Avatar
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    u in entry level macroeconomics or something
    Faster horses, younger women, older whiskey, more money
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  26. #26
    Banned Nightclubber's Avatar
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    Originally Posted by scotyg View Post
    u in entry level macroeconomics or something
    yea
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  27. #27
    Banned Nightclubber's Avatar
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    bump
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  28. #28
    Registered User T2TL's Avatar
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    maybe now you'll realize the power of reps. You make this thread willing to pay money and get lolz as answers. I can make the same thread and just add "11k reps to the title" and get a bunch of answers and PMs with answers.
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  29. #29
    Banned Nightclubber's Avatar
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    Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank) Nightclubber is the lowest scum of the boards. (Worst Rank)
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    bump for cash
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  30. #30
    Don Quixote XAU's Avatar
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