Answer Keys: Quiz 1
We have corrected the answer keys for Question 7. The correct
answer is E on all four forms. The question asks for the equilibrium price,
not the equilibrium quantity. The answers posted earlier gave the
equilibrium quantity.
We have decided to give credit for either true or false as an answer
to Question 14. See the
Explanations of Answers for the reason why.
Form A
BCEECAEADCFTFTF
Form B
BCEECCECBDFTFTF
Form C
DDEECCECDCFTFTF
Form D
DCEEBBECCAFTFTF