WebFeb 21, 2018 · UNIVERSITY OF CALIFORNIA Economics 134 . DEPARTMENT OF ECONOMICS Spring 2018 . Professor David Romer . SAMPLE EXAM QUESTIONS . Notes: - Many of these questions are drawn from past Econ 134 exams. - The instructions accompanying some of the questions take the form, “Decide whether the statement is …
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WebUse graphs to answer these questions. 2. Substitutes and complements. Good A and good B are related to each other, either being substitutes or comple-ments. Now the price of good B rises. Illustrate the impact on the market for good A (with graphs) if. A and B are substitutes; A and B are complements. Minimum price.
WebQuestions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1 If the price rises by 3 %, the quantity demanded falls by 1.5 %. Calculate the price elasticity of demand. 02 Price elasticity of demand 2 If the price falls from 6 to 4, the quantity demanded rises from 8000 to 12000.
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Web( Questions 1.1 - 1.10) 50 10 Aggregate demand (consumption = C) 40 Graph 1 Output, income (Y) 0 C Questions 1.1 - 1.10 Q 1.1 General form of the consumption function: C = a + bY. Calculate the numbers of a and b according to graph 1? Q 1.2 Explain the difference between autonomous and induced consumption. Q 1.3
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WebAP Macroeconomics Exam Questions. Free Response Questions and Scoring Information. Download free-response questions from this year's exam and past exams along with scoring guidelines, sample responses from exam takers, and scoring distributions. AP Exams are regularly updated to align with best practices in college-level …
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