How has this technology effected the market for university

Assignment Help Microeconomics

Reference no: EM133232167

Assignment:

1. An increase in the demand for vacation motor homes could be caused by

an increase in the price of gasoline.
a reduction in interest rates.
a decrease in rental rates for motel rooms.
a reduction in the price of motor homes.
lower plane fares.

2. A 1000$ per automobile pollution tax on the manufacturer will shift the:

supply curve up (to the left) by 1000$.
demand curve up (to the right) by 1000$.
supply curve down (to the right) by 1000$.
supply curve and demand curve down (to the right) by 1000$.

3. The development of technology and the internet has allowed students to earn their degrees in the online environment. How has this technology effected the market for university or college level courses?

Increased demand
Decreased demand
Increased Supply
Decreased supply

4. If the quantity demanded is not very responsive to changes in price, then demand is said to be:

uncooperative
inelastic
elastic
substitutable

5. An increase in the price of leather is expected to cause:

a fall in the supply of leather chairs
an increase in the demand for leather chairs
a fall in the demand for leather chairs
an increase in the supply of leather chairs

Reference no: EM133232167

Questions Cloud

Identify major ethical issues raised by information systems : Elaborate on the below major ethical issues raised by information systems that include moral dimensions.

How does sacrificed conversation for more connection : How does Sherry Turkle support her claim that we have "sacrificed conversation for more connection"expecting "more from technology and less from one another"?

Determine the optimal consumption bundle : Use the Lagrange method to determine the optimal consumption bundle. Show all working.

Effect an increase in price of grapes in market for wine : What effect will an increase in the price of grapes have in the market for wine? Increase demand-Increase supply.

How has this technology effected the market for university : The development of technology and the internet has allowed students to earn their degrees in the online environment.

What does this phenomenon have to do with elasticity : Give some thoughts about the article below and What does this phenomenon have to do with elasticity?

Explanation of the concept of culture in criminal justice : An explanation of the concept of culture in criminal justice. Describe two positive and two negative aspects of culture in the criminal justice organization yo

What is prostitution : What is Prostitution? Explain in depth what it is, how it works, what laws may be involved, history of Prostitution. Prostitution today, Prostitution laws in Lo

Maximum utility combination of video games and itunes apps : Is this your maximum utility combination of video games and iTunes apps, or can you make a change that would increase your utility even more?

User Account

All Pages