Macroeconomics 16th Edition by Campbell R. McConnell Test bank

 

214)       The slope of a straight line can be determined by:

      
       A) comparing the absolute horizontal change to the absolute vertical change between two points on the line.
       B) comparing the absolute vertical change to the absolute horizontal change between two points on the line.
       C) taking the reciprocal of the vertical intercept.
       D) comparing the percentage vertical change to the percentage horizontal change between two points on the line.
      

 

215)

 Refer to the above graph. Which of the following statements is correct?

      
       A) Quantity demanded and quantity supplied are independent of price.
       B) Price and quantity demanded are directly related.
       C) Price and quantity supplied are directly related.
       D) Price and quantity supplied are inversely related.
      

 

216)

 Refer to the above graph. Which of the following schedules correctly reflects "demand"?

 

(A)	(B)	(C)	(D)
P	Qd	P	Qd	P	Qd	P	Qd
$12	0	$14	0	$14	60	$12	0
10	0	12	0	12	50	10	10
8	10	10	20	10	40	8	20
6	20	8	40	8	30	6	30
4	30	6	60	6	20	4	40
2	40	4	80	4	10	2	50