Columbia Basin College ECON 201 Exam 2 1)Economics use graphs because: Flu vaccination shots provide external benefits. Thus: If a 1% increase in the price of gummy bears causes gummy bear sales to decline by 0.4%, then the price elasticity of demand is: If a pharmaceutical company knows that one of its products has a dangerous side effect but does not disclose that to its customers, then the market for that product is likely to fail due to: If a price ceiling is set above the market price, it is: If a price floor is set below the equilibrium price in a market: If a transaction imposes external costs, then: If you plot temperature on the y axis and world carbon emissions on the x axis, you have created a: In economic markets, what signals information between buyers and sellers? In the study of economics, the goals of efficiency and equity are often: In which of the following instances is the effect of equilibrium price dependent on the magnitude of the shifts in supply and demand?

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Columbia Basin College ECON 201 Exam 2 1)Economics use graphs because: Flu vaccination shots provide external benefits

Economics Jun 18, 2021

Columbia Basin College

ECON 201

Exam 2

1)Economics use graphs because:

Flu vaccination shots provide external benefits. Thus:
If a 1% increase in the price of gummy bears causes gummy bear sales to decline by 0.4%, then the price elasticity of demand is:
If a pharmaceutical company knows that one of its products has a dangerous side effect but does not disclose that to its customers, then the market for that product is likely to fail due to:
If a price ceiling is set above the market price, it is:
If a price floor is set below the equilibrium price in a market:
If a transaction imposes external costs, then:
If you plot temperature on the y axis and world carbon emissions on the x axis, you have created a:
In economic markets, what signals information between buyers and sellers?
In the study of economics, the goals of efficiency and equity are often:

In which of the following instances is the effect of equilibrium price dependent on the magnitude of the shifts in supply and demand?
International finance is generally studied in:
Joan is trying to gather information on the membership at her Zen Center. She estimates that it will cost around $1000 to gather the information but expects the information to lead to

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