2/14/2018 HW3 – Demand: Microeconomics (ECON-2030-L03 CRN: 20518)
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HW3 – Demand
Due Feb 14 at 11:59pm Points 10 Questions 10
Available Feb 9 at 8am – Feb 14 at 11:59pm 6 days Time Limit None
Allowed Attempts Unlimited
Instrucons
Aempt History
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LATEST Attempt 1 25 minutes 7 out of 10
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Score for this attempt: 7 out of 10
Submitted Feb 14 at 10:37pm
This attempt took 25 minutes.
Instructions: Complete all ten questions in this quiz. Only two attempts are allowed until the due date.
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Question 1
Incorrect
Incorrect
If the price of hot dogs increases, what will happen in the market for potato chips, a
complementary good?
Demand will increase.
Quantity demanded will increase.
Demand will decrease.
Quantity demanded will decrease.
Supply will decrease.
2/14/2018 HW3 – Demand: Microeconomics (ECON-2030-L03 CRN: 20518)
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1 / 1 pts
Question 2
Exhibit 3-3 Demand curves
Which of the graphs in Exhibit 3-3 depicts the effect of a decrease in the price of pizza on
the demand curve for pizza?
Graph A.
Graph B
Graph C.
Graph D.
2/14/2018 HW3 – Demand: Microeconomics (ECON-2030-L03 CRN: 20518)
1 / 1 pts
Question 3
If butter is a substitute for margarine, then an increase in the price of butter would be most
likely to cause:
a rightward shift of demand for margarine.
a leftward shift of demand for margarine.
