QuizMaster A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying
D. What the student will earn after graduation
A. increase
B. not change
C. decrease
D. shift
A. Price elasticity of demand
B. Cross-price elasticity of demand
C. budget elasticity of demand
D. income elasticity of demand
A. The responsiveness of quantity demanded to a change in price
B. How far a demand curve shifts
C. a change in price
D. a change in quantity demanded
A. shift aggregate supply to the right
B. shift aggregate supply to the left
C. shift aggregate demand to the right
D. shift aggregate demand to the left
A. Shift aggregate supply to the right
B. Shift aggregate supply to the left
C. Shift aggregate demand to the right
D. shift aggregate demand to the left
A. Increased saving
B. Increasing import spending
C. Increased taxation revenue
D. increased investment
A. consumption falls
B. investment falls
C. Exports fall
D. imports fall
A. 80 units
B. 320 units
C. 60 units
D. 120 units
A. Lead to a contraction of supply
B. Lead to an expansion of supply
C. Lead to a shift in supply outwards (i.e more supplied at each and every price)
D. Lead to a higher equilibrium and lower equilibrium quantity