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From the book principle of economics.
Or from personal experience very easy questions.

Which of the GRAPHS is the best illustrates the scenarios described below?

here the graphs: http://file2.ws/graphseco1

1. Britney Spears is not as popular as she was in the past. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer.

2. A new bridge is built that connects the village to the main road to the capital city. It used to take a day to cross the valley, now it takes only a few minutes. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer.

3. War has been declared. The bridges, ports, and runways have been bombed. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer.

4. An oncoming hurricane is announced on the evening news. Lumber yard owners double the price of plywood before opening the next morning. Customers buy plywood, even though they are not happy about the increase in price. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer.

5. Buckwheat was a common grain in the American diet a century ago. Now, it is available only in specialty shops. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

6. The people in the village are happy. Their incomes have risen and the shops in town are filled with new, imported goods. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

7. The people in the village are unhappy. The shops are mostly empty and the few items available are very expensive. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

8. The people in the village remember the good old days, when tourists came to visit and the place seemed to be alive day and night. Now, there is very little to do, although land and locally produced food are inexpensive. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

9. Electronic calculators were once very expensive. Now, they are incorporated into all sorts of things and many are disposable. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

10. Gasoline has doubled in price over the past couple years. Which graph best depicts the markets for bicycles, scooters, and other alternative modes of transportation? (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

11. Solar panels, windmills, and biodiesel generators are almost efficient enough for office buildings to produce the electricity that they need for themselves. Which graph depicts the market for existing utility companies? (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

12. Solar panels, windmills, and biodiesel generators are almost efficient enough for office buildings to produce the electricity that they need for themselves. Which graph depicts the overall market for electricity? (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

13. The price of gasoline has more than doubled in the past couple years. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

14. Housing prices have begun to drop. New home construction has stopped and fewer run-down houses are being repaired. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

15. It used to be that families rarely had more than one car. Nowadays, seemingly every member of the average family member has a car. (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

16. The interest rate can be seen as the price of capital. In poor countries, interest rates are higher than in wealthy countries, and they have less capital and available credit than in wealthy countries. Which graph illustrates the capital market during a time of economic development (i.e., the supply of capital increases)? (Points: 5)
Graph A
Graph B
Graph C
Graph D
There is not enough information to answer the question.

17. Increases in price are always caused by an increase in demand. (Points: 5)
True
False

18. All other things being equal, an increase in demand always leads to an increase in equilibrium price. If prices are not allowed to rise to the new equilibrium, there will be shortages. (Points: 5)
True
False

19. All other things being equal, if there is a significant reduction in supply, it is possible to keep prices at their original level without causing shortages through anti-gouging legislation. (Points: 5)
True
False

20. When suppliers charge unfair p
20. When suppliers charge unfair prices, government can intervene to bring prices back to their fair levels. (Points: 5)
True
False

Dude, this is too much to ask for 2 points. Break this up into smaller chunks.

Let me help you…if someone likes something less, then demand is less, because demand reflects desire and ability to buy. Try doing them by asking first…does this change demand? Then, is it increase or decrease?

Supply reflects desire and ability to produce. Ask if the scenario changes that, then once again, how.

Economics is about learning how to think and analyze. Please learn the tools so you do not insult us by having us do your homework for you.

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