X yerTest.aspx?testld=244532579¢erwin=yes samuel ahuchaogu 11/04/22 9:07 PM This quiz: 24 point(s) possible Chs 5-6) Question 8 of 24 This question: 1 Submit quiz ttempts point(s) possible 3 of co The cross elasticity of demand between any two products is defined as the percentage change in the O A. price of a product divided by the percentage change in the price of the substitute or complement. 1 of 1 O B. quantity of a product demanded divided by the percentage change in income. O C. price elasticity of demand for one product divided by the change in the price elasticity of demand for the substitute or complement. O D. quantity demanded of one product divided by the percentage change in the price of a substitute or complement. 1 of 1 O E. quantity of a product demanded divided by the percentage change in its price. 0 of 1 layer/Player.aspx?cul.. Time Remaining: 00:35:16 Next G N W N O P ENG USO X me layerTest.aspx?testld=244532579¢erwin=yes samuel ahuchaogu 11/04/22 9:07 PM This quiz: 24 point(s) Chs 5-6) Question 9 of 24 possible This question: 1 Submit quiz ittempts point(s) possible 3 of co K When governments fix prices below market - clearing levels, O A. quantity supplied is greater than quantity demanded. 1 of 1 O B. quantity demanded is greater than quantity supplied. O C. there is a decrease in demand. O D. there is an increase in supply. O E. quantity supplied equals quantity demanded. 1 of 1 0 of 1 Time Remaining: 00:35:13 Next N W P ENG USX me layerTest.aspx?testld=244532579¢erwin=yes samuel ahuchaogu 17/04/22 9:07 PM This quiz: 24 point(s) possible Chs 5-6) Question 10 of 24 This question: 1 Submit quiz ittempt point(s) possible 3 of co Moving down a straight - line demand curve, price elasticity of demand K O A. increases. 1 of 1 O B. first increases, then decreases. O C. decreases. O D. is constant. O E. first decreases, then increases. 1 of 1 0 of 1 Time Remaining: 00:35:06 Next D - C BO B J O G N W N O P ENG USX me layerTest.aspx?testld=244532579¢erwin=yes samuel ahuchaogu 11/04/22 9:07 PM This quiz: 24 point(s) possible Chs 5-6) Question 11 of 24 This question: 1 Submit quiz ittempts point(s) possible 3 of co A perfectly inelastic demand curve is O A. upward sloping. of 1 O B. horizontal O C. downward sloping O D. vertical. O E. none of the above. 1 of 1 0 of 1 Time Remaining: 00:35:03 Next D - C BE B J O G N W N O P ENG US- X he ayerTest.aspx?testld=244532579¢erwin=yes samuel ahuchaogu 11/04/22 9:07 PM This quiz: 24 point(s) Chs 5-6) Question 12 of 24 > possible This question: 1 Submit quiz Attempt point(s) possible 3 of When prices are fixed below the equilibrium price O A. there is an increase in demand. O B. there is a decrease in supply O C. quantity demanded is greater than quantity supplied. 1 of 1 O D. quantity demanded is less than quantity supplied 1 of 1 0 of 1 Time Remaining: 00:35:00 Next D - C BO B T O G NO W P ENG USX yerTest.aspx?testld=244532579¢erwin=yes samuel ahuchaogu 11/04/22 9:07 PM This quiz: 24 point(s) possible hs 5-6) Question 13 of 24 This question: 1 Submit quiz ttempts point(s) possible 3 of K In comparing U.S. market-driven health care with Canadian universal, government-run health care, the O A. Canadian outcome is more equitable and less efficient. O B. Canadian outcome is less equitable and more efficient. 1 of 1 O c. U.S. outcome provides good care to those who cannot afford it. O D. U.S. outcome gives priority to those patients who most need treatment. 1 of 1 0 of 1 Time Remaining: 00:34:57 Next GN W N ENG US