Which one of the following is/are likely to affect the demand curve?

Question 1 options:

Technology in production

Income changes

New competitors

Costs

Question 2(5 points)

A perfect market can be attained.

Question 2 options:

True

False

Question 3(5 points)

Which one of the following statements regarding advertising is false?

Question 3 options:

It can be expensive.

It's always accurate.

It can convey information.

It can create brand loyalty.

Question 4(5 points)

Which type of market has very high barriers to entry and very few producers?

Question 4 options:

Free market

Monopoly

Oligopoly

Pareto

Question 5(5 points)

Which one of the following describes the producer surplus?

Question 5 options:

What producers are forced to earn versus what they would pay

What producers take from the market versus what they supply

What producers think of the market versus what the market actually is

What the producer's net benefit of a given product is

Question 6(5 points)

Which of the following describes a market clearing condition?

Question 6 options:

Surpluses of product and low prices

Deficits of products and high prices

No shortages or surpluses at a given price

Shortages or surpluses at a given price

Question 7(5 points)

When the government regulates companies to protect consumers, which one of the following market corrective actions is it using?

Question 7 options:

Social insurance

Antitrust laws

Regulations

Information dispersion