# Liberty university econ 213 quiz 3

Liberty University ECON 213 Quiz 3

2 out of 2 points

Assume that the market for baseballs is in equilibrium. There is a sudden decrease in income throughout the economy. If all else is held constant, we would expect that:

2 out of 2 points

Some studies have shown that eating chocolate before a test can increase brain activity, thereby causing students to score higher on exams. When these findings were announced, the price and quantity sold of chocolate increased in college towns. One reason for this could have been that the:

2 out of 2 points

According to the accompanying figure, if the price is \$10, there is a:

2 out of 2 points

What would happen to the equilibrium price and quantity of shirts if the price of cotton decreases and all else is held constant?

0 out of 2 points

Refer to the table below. The equilibrium price and quantity in this market is:

2 out of 2 points

When the demand curve shifts to the right and the supply curve is held constant,

2 out of 2 points

Which of the following scenarios would explain the change in equilibrium shown in the accompanying figure?

2 out of 2 points

An improvement in technology:

2 out of 2 points

The price of good X increases by 25%, causing the quantity consumed of good Y to decrease by 10%. If everything else is held constant in the economy, we can say with certainty that good X and good Y are:

2 out of 2 points

Taxes cause the equilibrium price of a good to:

2 out of 2 points

Which of the following would cause a normal good’s demand curve to shift to the left?

2 out of 2 points

Refer to the accompanying figure. What event would cause the supply curve to shift out?

0 out of 2 points

When supply shifts right and demand shifts left, the:

2 out of 2 points

The law of supply states that, all other things being equal,

2 out of 2 points

If the cost of flour increases from \$3 to \$5 a bag, you could predict the supply curve for bagels to:

Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

### Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

### Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors: