Microeconomics 1b03 exam - Study guides, Class notes & Summaries
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Microeconomics 1B03 Exam
- Exam (elaborations) • 25 pages • 2024
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Microeconomics 1B03 Exam
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ECON 1B03 - Introductory Microeconomics Test 1 ANSWERS (actual midterm exam tips) McMaster University
- Exam (elaborations) • 9 pages • 2024
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ECON 1B03 - Introductory Microeconomics Test 1 ANSWERS (actual midterm exam tips) McMaster University
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ECON 1B03 - Introductory Microeconomics Test 2 ANSWERS (actual possible exam questions and answers) McMaster University
- Exam (elaborations) • 10 pages • 2024
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ECON 1B03 - Introductory Microeconomics Test 2 ANSWERS (actual possible exam questions and answers) McMaster University
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ECON 1B03 - Introductory Microeconomics Midterm Test VERSION 4 actual exam tips questions and answers McMaster University
- Exam (elaborations) • 12 pages • 2024
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ECON 1B03 - Introductory Microeconomics Midterm Test VERSION 4 actual exam tips questions and answers McMaster University 
Instructions 
Identify the choice that best completes the statement or answers the question. 
 
1.	What are common resource goods? 
a.	both excludable and rival in consumption 
b.	rival in consumption but not excludable 
c.	neither excludable nor rival in consumption 
d.	excludable but not rival in consumption 
 
 
2.	If the price elasticity of demand for a good is 4.0, what...
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