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Refer to the four graphs above. Select the graph that best shows the changes in demand and supply in the market specified in the following situation: the market for beef, if a new diet fad favoring beef consumption becomes hugely popular, while cattle producers see steeply rising costs of cattle feed.

If a price ceiling is set below the equilibrium price in a market,

What combination of changes would most likely decrease the equilibrium price?

Macroeconomics can best be described as the

Refer to the above graph, which shows the market for bicycles. S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), which point on the graph is most likely to be the new equilibrium after the introduction of technological improvements in bicycle production and successful publicity campaigns by the government on the virtues of bicycling to work?

An increase in demand for oil along with a simultaneous increase in supply of oil will

Remember to submit your scratch paper to the next assignment now.  It is due immediately after your test.   Remember that many problems need to be manually graded by the instructor, so the score you see is not your final score.   Time to go relax!

EXTRA CREDIT #2 – Always try to answer these extra credit questions! 3 points. Describe how you applied the information you learned about Anxiety, Trauma-, and Stressor-Related Disorders; Obsessive-Compulsive and Impulse Control Disorders, and/or Bipolar and Depressive Disorders to your real life.

Determine the correct exponential function of the form whose graph is given     [a]   What is the domain in interval notation? [b] What is the range in interval notation? [c] Type integers or simplified fractions and use inf for infinity.

Complete the table for the function -3 [a] -2 [b] -1 [c] 0 [d]   Which is the graph of [e]