Solutions?

[tigerfan11]

Anyone thinking about working on some suggested solutions?

[amir_mvp]

for the plane levy multiple choice question, did supply shift to the left and demand contract ?

thoughts?

[Saur11]

Yes, i think so

[matthewlesh]

My answers (for the multiple choice) were...

D A D C D D C A A B C A D A

But that's not much use since 1. I could be incorrect and 2. till someone uploads a copy of the exam it doesn't mean anything.

for the plane levy multiple choice question, did supply shift to the left and demand contract ?

thoughts?

As I said in the other topic, I feel the answer (and my teacher agreed, however I have heard other teaches disagree) was A, so shift in supply and supply.

[Tashi]

My answers (for the multiple choice) were...

D A D C D D C A A B C A D A

But that's not much use since 1. I could be incorrect and 2. till someone uploads a copy of the exam it doesn't mean anything.

for the plane levy multiple choice question, did supply shift to the left and demand contract ?

thoughts?

As I said in the other topic, I feel the answer (and my teacher agreed, however I have heard other teaches disagree) was A, so shift in supply and supply.

It can't be a shift AND contraction in supply. Contraction is moving along the supply curve, so the answer had to be opposites. I think they should accept either shift in supply and contraction in demand, or shift in demand and contraction in supply.