西方经济学微观CH3~4 助教版.docxVIP

微观经济学3-4章纸质练习姓名班级学号分数Multiple Choice 30’1) A relative price isA) the number of dollars that must be given up in exchange for the good.B) also called the money price.C) not an opportunity cost.D) the ratio of one price to another price.Answer: D2) The law of demand states that changes inA) demand are related directly to changes in supply.B) the quantity demanded of a good are not related to changes in the quantity supplied.C) the quantity demanded of a good are inversely related to changes in its price. D) demand are inversely related to changes in supply.Answer: C3) In the market for magazines, the income effect means thatA) magazines are usually purchased by people with higher than average incomes.B) a decrease in the price of a substitute product like books will make magazine readers feel a little poorer than they were before.C) an increase in the price of magazines will reduce the total purchasing power of magazine readers, making them able to afford fewer magazines.D) an increase in the price of magazines will raise the relative price of magazines to books, causing magazine readers to read more books and fewer magazines.Answer: C4) Which of the following does NOT shift the demand curve for broccoli?A) an increase in the cost of fertilizer used to grow broccoliB) a warning by the U.S. Surgeon General that broccoli causes schizophreniaC) an increase in the price of spinach, a substitute for broccoli, because rodents gobbled up much of this years spinach cropD) a decrease in the price of spinach, a substitute for broccoli, because of a bumper crop of spinach this yearAnswer: A5) Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal?A) an increase in the price of raisinsB) a decrease in incomeC) a decrease in populationD) an increase in the price of cold cerealAnswer: D6The above figure shows the market for oil. Because of the development of a new deep