CFA Questions


Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.
  1. The increase in demand would cause supply to:

  2. Which of the following would not produce a shift in the demand curve for apple juice?

  3. The price elasticity of demand is equal to - 4. It means that

  4. You can figure out whether demand is elastic or inelastic by observing

  5. Assume the demand curve for compact discs slopes downwards, and the supply curve slopes upwards. If the price of CD players decreases, then:

  6. If the slope of the demand curve is -0.167, price is $8 and quantity demanded 12 units, then demand for this good is

  7. Producer surplus is the

  8. The value of price elasticity of demand:

  9. A horizontal demand curve has a price elasticity (in absolute value) of

  10. Demand for a good is likely to be more elastic: