ECON 201 Study Guide - Final Guide: Economic Equilibrium, Demand Curve, Economic Surplus

• School: Concordia University
• Department: Economics
• Course: ECON 201
• Professor: All

Document Summary

It is a good strategy to spend one minute per mark for your answers (150 minutes) and spend the remaining time (30 minutes) to review your answers. Write your answers for the multiple-choice questions on the computer scan-sheet with a pencil. Parts ii to iv, write all your answers on this exam. You are allowed to use a non-programmable calculator and a dictionary. You may use either pen or pencil to provide your answers for parts ii to iv. Write your answers on the computer sheet in. Pencil (total=25 marks): suppose that the price of a complement for a particular good falls, and additionally the prices of the raw materials used to manufacture the good increase. Tina claims they would increase their total revenue by increasing the price of their cds while brian claims they would be better off by decreasing the price. He receives per hour doing tax returns.