How has this technology effected the market for university

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

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