Economics

Market Equilibrium

Dept. of Economics @ NCKU

Weng, Ming-Hung
 Q1
Instant noodle is an inferior good to Jack. As
his income increases, his demand for instant
noodle will
1. move to its right; (increase)
2. move to its left; (decrease)
3. move up along the original demand curve
4. remain unchanged
 Q2
If the price of mango
P
goes up, the supply of Supply (Curve)
mango ice will
1. Increase; shift to its P1
right
2. Decrease; shift to its
left P2

3. Remain unchanged

Q1 Q2 Q
Q3
Why are brown eggs
more expensive than
white eggs while fewer
of them are sold?
1. Healthier
2. More difficult to
raise those brown
egg layers
 Q4
A freshly announced worse-than-expected
guidance of a company for the coming
quarters likely will
1. lift its stock price.
2. lower its stock price.
3. have no impact on its stock price.
 Q5
The Ministry of Education and the Ministry of
Labor have demanded that universities must
pay labor insurance fees for a student working
part-time on campus. As a consequence, the
number of employed part-time students will
1. go up.
2. drop.
3. remain unchanged.