soal praktikum 2

Aturan Pengerjaan
1. kerjakan soal berikut saja:

* MQ = 2,4,5,6,7
* T/F= 1,2,3,4,5,10 (sebutkan alasan nya, bila anda memilih F (FALSE) )
* MC = 1-5, 10
* Essay = 1-7

2. Untuk susulan ini, anda akan mendapatkan nilai maksimal 75.
3. jawaban ditulis rapi, pada kertas Folio bergaris.
4. dikumpulkan paling lambat, SENIN (18 Oktober 2010) di boxfile, dengan nama Putri Rahmi
pada pukul 17.00 WIB, lewat dari jam tersebut, dengan sangat berat hati, jawaban anda tidak saya terima :-)
5. Selamat mengerjakan, bila ada kesulitan, silahkan tanya saya di ruang TA. my office hour in monday, start from 14.30 till 17.00 wib.
6. good luck everybody :D




CHAPTER 3 AND 4
DEMAND, SUPPLY, MARKET EQUILIBRIUM AND ITS ELASTICITY

Matching Questions
1. A general concept used to quantify the response in one variable when another variable change.
2. Diagram of the economic activity where goods and services flow clockwise.
3. The difference between the maximum amounts a person is willing to pay for a good and its current market price.
4. Goods that are biased interchangeable with each other; when the price of a good rises, demand for other goods will rise.
5. Condition that occurs when quantity demanded exceeds quantity supplied at a certain price.
6. Change in income, preference, or price of other goods leads to change in demand.
7. The negative relationship between price and quantity demanded. As price rises, quantity demanded falls, and vice versa.
8. A minimum price below which exchange is not permitted.
9. Change in price of a good leads to change in quantity demanded of that good.
10. The net loss of producer and consumer surplus from underproduction or overproduction.

A. Substitution Goods
B. Law of demand
C. Price floor
D. Moving along the demand curve
E. Complementary goods
F. Elasticity
G. Consumer surplus
H. Shortage
I. Dead weight loss
J. Price Ceiling
K. Circular flow diagram
L. Shifting demand curve
True or False
1. Goods for which demand tends to fall when income rises are normal goods.
2. The law of supply states that there is a negative relationship between price and quantity supplied. When the price falls, quantity supplied will increase.
3. Television, motorcycles, cars, and sweater were traded goods in input markets.
4. Changes in price of other goods will cause the demand move along the curve.
5. Equilibrium occurs when the demand for goods offered is greater than the requested items.
6. Perfectly inelastic demand is the demand in which the quantity demanded responds at all to a change in price.
7. Surplus occurs when Qd < Qs.
8. The positive cross price elasticity indicates that the goods are substitutes.
9. Price ceiling is charged above the equilibrium.
10. Land, labor, and capital, including into the factors of production.
Multiple Choices
1. Individual demand curve for a commodity states :
a. The maximum limit of the individual's intentions
b. The minimum limit of the individual’s wants
c. Minimum or maximum limits of the individual's intentions
d. Not a minimum or maximum limits of the individual's intentions
2. Decline in the price of a commodity, while other factors are assumed constant, resulting in and referred to as:
a. Increase in demand
b. Reduced demand
c. The increase in quantity demanded
d. Decrease in quantity demanded
3. Household decisions about the quantity of output or a specific product that will be required depends on:

a. Product Price
b. Revenue available
c. Taste
d. All correct answers

4. If the price of a substitute of X falls, the demand for goods X will be....

a. Increase
b. Decline
c. Fixed
d. All incorrect

5. Equilibrium will be achieved when ...

a. Qd > Qs
b. Qd = Qs
c. Qd < Qs
d. Qd ≠ Qs

6. A Price ceiling creates …

a. Excess demand
b. Excess supply
c. Equilibrium
d. Higher price

7. E s for the supply curve in the form of a straight line is positively sloped and cuts the price axis is ...

a. 0
b. 1
c. > 1
d. Constant

8. If the income elasticity of demand greater than one, the goods are included in ...
a. Luxury
b. Third-rater
c. Daily necessities
d. Goods that are not related

9. P Qd




0 Q
What is the elasticity of the picture above?

a. Perfectly Elastic
b. Unitary elastic
c. Perfectly inelastic
d. Inelastic

10. Which of the following items is included an inferior goods:

a. Cassava
b. Apple
c. Plastic mines
d. Premium
Essay
1. Explain:
a. law of demand
b. law of supply
2. What is a market input and output markets? Mention anything that is traded on those markets?
3. Draw and explain the circular flow diagram!
4. Explain this following words and give some example for each goods:

a. Normal goods
b. Inferior goods
c. Substitutes goods
d. Complementary goods

5. What is the slope of:
a. Demand curve
b. Supply curve
Explain graphically!
6. What is the equilibrium? How does its condition occur?
7. The demand function of corn is Qdx=8000-1000Px and the supply function is Qsx=-4000+2000Px. Find the equilibrium and draw it!
8. What is the different between producer surplus and consumer surplus? What’s happened if there is underproduction or overproduction? Explain graphically!
9. What’s happened if either price ceiling or price floor is charged in the market?
10. P
60 A
50 B
40 C
30 D
20 E
10 F
0 100 200 300 400 500 600 Q
Compile a grocery store cake egg demand curve as a function of price Calculate the elasticity of demand using the midpoint formula between points A and B, between points C and D, and between points E and F! Including into what types of elasticity?