ECO100Y1 Chapter Notes - Chapter 1: Multiple Choice, Perfect Competition, Scantron Corporation

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19 Feb 2015
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While you wait for the exam to start, please ll in the information below and complete the front and back of the scantron form. Do not open this test booklet until instructed. Black or blue ink can be used, but not erased: each multiple choice question is worth 3 marks. No deductions for incorrect answers: multiple choice marks are based entirely on the scantron. Any writing in this test booklet will not be considered. Robert gazzale, phd: [48 marks] multiple choice questions: indicate answer on scantron. Test version a: [3 marks] table 1 gives the total bene t you receive as a function of quantity consumed. Robert gazzale, phd: [3 marks] you have noticed an increase in both the (equilibrium) price and quantity transacted of a good. If the quantity supplied drops by 5%, what will be the change in price: 0. 3%, 3%, 6%, 8 1.

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