Mircoeconomics 2302 Demand Created by Consumers
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Mircoeconomics 2302 Demand Created by Consumers
Assessment: Lesson 3 Quiz
Question 1 (6063111): Supply is provided by ____________ and demand is created by consumers.
Correct answer(s): government
Question 2 (6063122): When price decreases the quantity demanded by consumers __________ if all other influences remain the same.
Correct answer(s): increases
stays the same
all the above
Question 3 (6063142): If consumers think that prices would go down in the future, they will __________ their present demand.
Correct answer(s): decrease
none of the above
Question 4 (6063136): If people decide to purchase less at every price level, __________ (shift left) will result.
Correct answer(s): an increase in quantity demanded
a decrease in quantity demanded
an increase in demand
decrease in demand
Question 5 (6063120): “Demand” is a series of prices and the related quantities that consumers are willing and able to buy at a particular _____________.
Correct answer(s): north east corner of the street
moment in time
Federal Reserve meeting
Question 6 (6063125): The result of a change in Quantity Demanded as ________ change is shown by a movement along the demand line.
Correct answer(s): tastes or preferences (utility patterns)
Question 7 (6063114): When a consumer purchases a product, a(n) _________ is created for this item to be re-stocked by the merchant.
Correct answer(s): demand
Question 8 (6063145): __________ is the only variable which will increase the amount brought to the market (quantity supplied) if all other variables remain the same.
Correct answer(s): Technology
A decrease in resource costs
An increase in the price of the product
A decrease in the price of the product
Question 9 (6063138): When two goods are complementary goods, a change in the price of one will cause a change in the demand for the other in the ________ direction.
Correct answer(s): opposite
Question 10 (6063147): An illustration of an increase in the supply schedule is shown below with a change from S1 to S2.
This shift could be caused by ___________________.
Correct answer(s): an increase in resource costs
an increase technology
an increase in price of the product
an increase in taxes on the producers
Question 11 (6063124): As a person continues to consume more of an item, ________ s/he will get less additional satisfaction (utility).
Correct answer(s): on the third unit
on the fourth unit
on the fifth unit
at some point
Question 12 (6063132): In the table below, for every price that the D#1 increases, the Quantity Demanded indicates _______ more sales than the original demand schedule D.
Correct answer(s): 2
Question 13 (6063157): The market clearing price where the quantity demanded by consumers equals the ____________ by producers.
Correct answer(s): quantity supplied
either a. or b.
all the above
Question 14 (6063153): An increase in the price of the product will change the supply line (shift ________).
Correct answer(s): upward
none of the above
Question 15 (6063154): If increased taxes are imposed on producers, ___________ products will be provided in the market at each price (shift left).
Correct answer(s): fewer
the same amount of
none of the above
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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