New Jersey High School
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Multiple Choice Questions 
1. In a competitive market, the market demand is Qd 
 = 60 - 6P and the market supply is Qs 
 = 
4P. A price ceiling of $3 will result in a 
A. shortage of 30 units. 
B. shortage of 15 units. 
C. surplus of 30 units. 
D. surplus of 12 units. 
2. In a competitive market, the market demand is Qd 
 = 60 - 6P and the market supply is Qs 
 = 
4P. The full economic price under a price ceiling of $3 is 
A. 6. 
B. 7. 
C. 8. 
D. 9. 
3. The buyer side of the market is known as t...
vThe "father" of atomic materialism was 
1) 
_______ 
A) 
Democritus. 
B) 
Newton. 
C) 
Plato. 
D) 
Ptolemy. 
E) 
Kepler. 
A 
2) 
The Greek model of the atom should be classified as 
2) 
_______ 
A) 
an experimental fact. 
B) 
a useless falsehood. 
C) 
an observation. 
D)