d al of the abov Question 1 Homework . Unanswered Which of the following statements is most correct? Select an answer and submit. For keyboard navig Microeconomics studies personal finances and macroeconomics studies banking. b Microeconomics studies people and macroeconomics studies firms. c Microeconomics studies individual decisions and macroeconomics studies aggregate behavior. d Microeconomics studies the gasoline market and macroeconomics studies the interest rate. Unanswered . 1 attempt left Submit Question 2 Homework . Unanswered Quantity demanded is Select an answer and submit. For keyboard navigation, use the up/dow ow keys to select an answer. what makes up the demand curve, when combined with price levels. b the amount that an individual demands at a particular price level. c always combined with price levels. d all of the above are correct Question 3 Homework . Unanswered If computers are like most goods and the price of computers chips fall, then holding all else constant, the Select an answer ar row keys to sele the price and quantity of computers will decrease the price and quantity of computers will increase the price of computers will increases and quantity of computers will decrease d the price of computers will decreases and quantity of computers will increase Unanswered . 1 attempt left Submit Question 4 Homework . Unanswered Consider the market for Teslas. The price of gasoline market for Teslas respond? s and the cost of producing Tesla batteries decrease. How will the Select an answer and submit, For keyb ys to select an answer. a prices will fall and the equilibrium quantity may or may not change. b prices will fall and the equilibrium quantity will decrease. prices will fall and the equilibrium quantity will increase There is not enough information to answer the question Question 5 Homework . Unanswered Consider the market for gasoline. You expect prices of gasoline to decrease next month. What happens to the market for gasoline today, holding all else constant. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a prices today do not change b prices today rise c prices today fall d there is not enough information to answer the question Unanswered . 1 attempt left Submit Question 6 O Homework . Unanswered Suppose that today the market for homes is in equilibrium. Tomorrow both the supply and demand curves for homes will shift to the right. As a result, the equilibrium quantity. and the equilibrium price. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a will rise; cannot be determined b will fall; cannot be determined cannot be determined; will rise d cannot be determine; will fall Question 7 Homework . Unanswered Assume that the housing market is in equilibrium in year 1. In year 2, the mortgage rate that banks charge consumers decreases, but producers are not affected. Also in year 2, the cost of lumber used to build homes change? decreases. Which of the following is most likely to be the equilibrium s to select an answer. ations and point B after the change The equilibrium will be at point A before the The equilibrium will be at point A before the change in expectations and point E after the The equilibrium will be at point E before the change in expectations and point A after the change Inanswered . 1 attempt left Submit Questions hework - Unansw Which of the following is the best nediate good? Select an answer and submit. For ke down arrow keys to select an answer A new set of tires on your car b A table bought by a restaurant c Lettuce bought by a restaurant d Coffee beans bought by a household
