Caution For numerical answers, unless otherwise specified, round your results to one decimal place. For example, if your result is 15.76, your answer will be "15.8"; if your result is 24.42, your answer will be "24.4"; if your result is 18.95, your answer will be "19".

Here is the information collected by a survey on the number of mystery novels that each consumer is ready to ask for according to the price. The #1 Consumer Demand for Mysteries

Prix d'un roman policier	10 $	12 $	18 $	20 $
Quantit demande par le consommateur no1	4	3	2	1

This table reads as follows: for consumer no. 1, when the price is $10, he wishes to consume 4 detective stories. When the price is $12, he wants to consume 3 mystery novels, etc. Consumer demand for crime novels #2

Prix d'un roman policier	10 $	12 $	15 $	20 $	21 $
Quantit demande par le consommateur no2	6	5	4	2	1

Here is the information collected by the same survey on the number of mystery novels that each producer is ready to offer according to the price. The No. 1 Producer's Detective Offering

Prix d'un roman policier	10 $	12 $	16 $	18 $
Quantits offertes par le producteur no1	1	2	3	4

This table reads as follows: for producer no. 1, when the price is $10, he offers 1 mystery novel. When the price is $12, it offers 2 mystery novels, etc. Producer No. 2's crime novel offering

Prix d'un roman policier	12 $	15 $	17 $	19 $
Quantits offertes par le producteur no2	1	2	3	4

Producer No. 3's crime novel offering

Prix d'un roman policier	10 $	12 $	16 $	19 $
Quantits offertes par le producteur no3	1	2	4	5

1) Complete the following table which summarizes the information relating to the construction of the aggregate request (the table includes the exact number of rows necessary to answer). (1 point per correctly filled line, for a maximum of 6 points) For each answer, enter only numerical answers, without any non-numerical signs.

Prix d'un roman policier (en $)	Demande du consommateur no1	Demande du consommateur no2	Demande du march
Rponse $	Rponse	Rponse	Rponse
Rponse $	Rponse	Rponse	Rponse
Rponse $	Rponse	Rponse	Rponse
Rponse $	Rponse	Rponse	Rponse
Rponse $	Rponse	Rponse	Rponse
Rponse $	Rponse	Rponse	Rponse

2) Complete the following table which summarizes the information relating to the construction of the aggregate offer (the table includes the exact number of rows necessary to answer). (1 point per correctly filled line, for a maximum of 6 points) For each answer, enter only numerical answers, without any non-numerical signs.

Prix d'un roman policier (en $)	Offre du producteur no1	Offre du producteur no2	Offre du producteur no3	Offre du march

3) Which graph represents the supply and demand curves of the detective novels market?

a.

b.

c.

d.

4) Determine graphically the equilibrium price of the detective novel market.

Answer: P = $

5) Graphically determine the equilibrium quantity of the detective novel market.

Answer: Q = novels

Consider the following shock: The price of paper pulp is rising. 6) Does this shock concern

a. the offer?

b. Requirement?

c. neither supply nor demand?

d. supply and demand?

7) Is this shock

a. positive?

b. negative?

c. Neither?

8) What are the consequences of this shock? (2 points)

a. The demand curve shifts to the right.

b. The demand curve shifts to the left.

c. The supply curve shifts to the right.

d. The supply curve shifts to the left.

e. The supply and demand curves do not shift.

9) How will the equilibrium price be affected?

a. It will increase.

b. It will decrease.

c. It will stay the same.

10) How will the equilibrium quantity be affected? (2 points)

a. It will increase.

b. It will decrease.

c. She will stay the same.

Consider the following shock: Digital tablets are creating a craze for reading crime novels. 11) Does this shock concern

a. the offer?

b. Requirement?

c. neither supply nor demand?

d. supply and demand?

12) Is this shock

a. positive?

b. negative?

c. Neither?

13) What are the consequences of this shock?

a. The demand curve shifts to the right.

b. The demand curve shifts to the left.

c. The supply curve shifts to the right.

d. The supply curve shifts to the left.

e. The supply and demand curves do not shift.

14) How will the equilibrium price be affected?

a. It will increase.

b. It will decrease.

c. It will stay the same.

d. We can not know.

15) How will the equilibrium quantity be affected?

a. It will increase.

b. It will decrease.

c. She will stay the same.

d. We can not know.