econ251_e1_sp2016.pdf-Econ 251 Spring 2016 Exam 1

ECON 251 Practice Exam 2 Questions from Fall 2013 Exams Gordon spends all his income on spatulas and mixing bowls. Spatulas cost $4 and mixing bowls cost $12. Gordon has $60 of income and considers both spatulas and mixing bowls to be normal goods. U

econ251_e1_sp2019.pdf-Econ 251 Spring 2019 Page 1

ECON 251 Exam #1 Answers Spring 2013 1. D 2. C 3. D 4. C 5. D 6. B 7. C 8. A 9. B 10. A 11. D 12. C 13. B 14. D 15. D 16. C 17. C 18. D 19. B 20. A 21. C 22. C 23. D 24. C 25. B 26. A 27. B 28. C 29. B 30. B 31. A 32. D 33. B 34. D 35. B 36. C 37. A

Econ 251 Fall 2013 Exam 1 Pink Page 8 of 8 36. Deadweight loss from the tax is equal to a. The decrease in consumer surplus from the tax b. $0 c. $3 d. $6 37. The government decides to tax the sale of blueberries. If the demand for blueberries is per