ECON 2000 : SI Practice Exam 1
Document Summary
Tth 10:30-11:30: rent control laws are imposed when are imposed when city officials believe landlords have been exploiting tenants. The shape of macroland"s production possibility curve shows: increasing opportunity costs, constant opportunity costs, decreasing opportunity costs, random opportunity costs. We can say that these two goods are: complements, substitutes, unrelated goods, perfect substitutes. You observe that the renal price for dvds is higher in the winter than in the summer. The number of stores renting dvds is reduced by 25%, reducing the number of dvds available. A decrease in the quantity supplied is represented by a movement from: s2 to s3, s2 to s1, point b to point a along ss, point b point c along s2. A drought causes a steep drop in the productions of tomatoes, an ingredient in making pizza sauce. This is represented by a movement from point.
