ECON 1580 Array (ECON1580)
University Of Texas - Austin
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(Answered) Final Exams ECON 1580 Introduction to Economics Latest Fall 2022.
- Exam (elaborations) • 13 pages • 2022
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Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...
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(Answered) Final Exams ECON 1580 Introduction to Economics Latest Fall 2022.
- Exam (elaborations) • 13 pages • 2022
-
- $15.49
- + learn more
Final Exams 
ECON 1580 Introduction to Economics 
Question 1 
If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists 
increases, this indicates that these two goods are: 
a. unrelated goods. 
b. superior goods. 
c. inferior goods. 
d. substitute goods. 
Question 2 
A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The 
demand is inelastic. 
a. increase; increase 
b. increase; decrease 
c. decrease; increase 
d. de...
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