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Macroeconomics 16th Edition by Campbell R. McConnell Test bank

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       B) P = 50 - P/2.
       C) P = 10 -.2Qd.
       D) P = 10 - 2Qd.
      
 



 
 
219) ch1_242_1_jpg.ext

 Refer to the above graph. Using Qs for quantity supplied and P for price, which of the following equations correctly states the supply of this product?
 
      
       A) P = 4 +.2Qs.  
       B) P = 60/Qs.
       C) P = 10Qs - 2P.
       D) P = 2 +.2Qs.
      
 



 
 
220)       Assume a household would consume $100 worth of goods and services per week if its weekly income were zero and would spend an additional $80 per week for each $100 of additional income. Letting C represent consumption and Y represent income, the equation which summarizes this relationship is:
 
      
       A) C = 80 + 100Y.    
       B) C = 100 +.8Y.
       C) C = 100 + 80Y.
       D) C = 80 +.1Y.
      
 



 
 
221) ch1_244_1_jpg.ext

 In line (1) on the above graph, the variables x and y are:
 
      
       A) nonlinearly related.     
       B) positively related.
       C) negatively related.
       D) inversely related.
      
 



 
 
222) ch1_245_1_jpg.ext

 In line (3) on the above graph, variables x and y are:
 
      
       A) directly related.    
       B) negatively related.
       C) positively related.
       D) nonlinearly related.
      
 



 
 
223) ch1_246_1_jpg.ext

 The linear equation for line (1) on the above graph is:
 
      
       A) y = 8 + 2x.    
       B) y = 8 +.5x.
       C) x = 8 +.5y.
       D) y = 8 - 2x.
      
 



 
 
224) ch1_247_1_jpg.ext

 The slope of line (2) on the above graph is:
 
      
       A) 0      
       B) B..66.
       C) C..75.
       D) 1.50.
      
 



 
 
225) ch1_248_1_jpg.ext

 The linear equation for line (3) on the above graph is:
 
      
       A) y = 24 - 1.5x.
       B) y = 16 -.5x.

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