KEY FOR

ECO 2023
MIDTERM 1, SPRING 2012, SPECIAL CODE 11
A B C
1 B 1 A 1 D
2 B 2 D 2 C
3 A 3 E 3 A
4 D 4 D 4 E
5 B 5 C 5 C
6 D 6 D 6 C
7 A 7 B 7 B
8 E 8 D 8 C
9 C 9 B 9 D
10 D 10 B 10 B
11 C 11 A 11 D
12 D 12 C 12 E
13 C 13 C 13 B
14 E 14 E 14 B
15 E 15 E 15 A
16 D 16 C 16 D
17 D 17 E 17 A
18 D 18 D 18 A
19 A 19 D 19 C
20 C 20 C 20 A
21 B 21 A 21 C
22 C 22 D 22 C
23 E 23 A 23 D
24 E 24 C 24 E
25 C 25 E 25 D
26 A 26 E 26 D
27 A 27 B 27 C
28 C 28 C 28 C
29 E 29 C 29 E
30 C 30 A 30 E
31 E 31 E 31 E
32 C 32 C 32 E
33 A, B, C, or D 33 A, B, C, or D 33 A, B, C, or D
Supply increases; Supply decreases; Demand decreases
P falls and Q increases P rises and Q decreases P falls and Q decreases