Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    Which of the following describes what will happen in the market for tomatoes if a salmonella outbreak is attributed to tainted tomatoes?
  2. Question

    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
    Which of the following will lead to an increase in the equilibrium price of product “X”? A(n)
  3. Question

    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
    The equilibrium price will rise, but the equilibrium quantity may increase, decrease, or stay the same if
  4. Question

    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
    An increase in the number of buyers and a technological advance will cause
  5. Question

    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
    Which of the following is certainly true if demand and supply increase at the same time?