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Question: dquestion 1 2 pts the dynamic laws of supply and...

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DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have a natural tendency to rise or increase even when the quantity supplied equals the quantities demanded. excess demand leads to a tendency of prices to fall or decrease. the greater the excess supply, the greater the tendency of prices to fall or decrease. excess supply leads to a tendency of prices to rise or increase.D Question 2 2 pts Simple Supply and Demand models are not appropriate when analyzing markets which comprise a large percentage of the economy because: the market will no longer equilibrate. interdependencies exist and the other things constant qualification no longer holds. those markets are not important. a relative price cannot be measuredQuestion 3 2 pts Tariffs and quotas increase equilibrium price and reduce equilibrium quantity. True FalseQuestion 4 2 pts Based upon what we have learned in this course, tariffs typically allow: domestic producers to decrease their prices. O foreign producers to decrease their prices. domestic producers to raise their prices. foreign producers to raise their prices.DQuestion 5 2 pts When an effective price floor is removed, we would expect the price of the good in question to quantity demanded to O decrease; decrease increase; decrease decrease; increase increase; increase

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