there are 15 questions in total. all multiple choice questions. Contact me with more information.>
Question 1
11 pts
1. (11 points] In your discussion video from chapter 2 on 3D printing, the Ted-talk speaker argued that 3D
printing technology will
the costs of manufacturing and thus the supply of a
manufactured good.
O Increase; decrease
Decrease; increase
Increase; increase
O a. Decrease; decrease
Question 2
11 pts
2. [11 points] As a result of 3D printing (in question 1), a new market equilibrium for a 3D printed good, will exhibit
in the equilibrium price and a
in the equilibrium quantity.
а
Increase; increase
Increase; decrease
O Decrease; increase
Decrease; decrease
Question 3
11 pts
3. [11 points] If the market economic system is attacked by individuals or institutions with a good cultural
reputation and millions of followers who partake of the market system, then, the demand for market provided
goods will
while the supply for the market provided good will
Decrease; increase
Increase; decrease
Increase; increase
O Decrease; decrease
4. [11 points) The combined supply and demand results of the impact of culturally denigrating the market system
as described in question 3 above is that we shall see a
in the equilibrium price and a
in the
equilibrium quantity.
Decrease; neutral change
O Decrease; unknown effect
O Decrease; increase
O Decrease; decrease
Question 5
11 pts
5. [11 points] From the video discussion of chapter 1, Agarwood experts argue that this rare natural resource is not
being managed properly, such that we are seeing a depletion of the resource. If this is the case, the impact on the
market for naturally sourced agarwood oil concentrate will be a shift to the
of the
O Left; Demand
Right; Supply
O
Right; Demand
Left; Supply

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