Practice test after 3 paragraphs_ENG

• Economie
• Middelbare school
• havo, vwo
• Leerjaar 3

Qd=-0,5P+10 Qs=4,5P-30
What is going on in this situation at
a price of 14? And what will happen?

How do you calculate the Net Profit?

1. Sales - Total costs
2. Turnover - Total costs
3. Turnover - gross profit
4. Turnover - gross profit - Fixed costed

How do you calculate the turnover?

1. Sales - sales price per product
2. Profit x sales
3. Sales x sales price per product
4. Total costs - profit

Turnover = €110
Cost price = €30,-
Profit=....

1. €140,-
2. €80,- loss
3. €80,- profit
4. 30x110 = €3.300,-

Qd=-0,2P+500 Qs=0,5P-200
Calculate the equilibrium price and equilibrium quantity

The cost price is €110,-. The profit €15,--
What is the sales price?

1. €125,-
2. €134,-
3. €135,-
4. €85,-

Q =p-100

1. This is a demand line
2. This is a supply line
3. This is a budget line
4. I have no clue

Firma Janssen plc. sels 500 electric bikes per year. A consumer pays €1.000,- for every bike.

1. The turnover is 500.000
2. The sales are 500 bikes
3. Turnover is €50.000,-
4. Sales are €1.000,-

Qd=-0,5P+10 Qs=4,5P-30
Calculate the equilibrium price and equilibrium quantity

Q =-0,5p+200

1. This is a demand line
2. This is a supply line
3. This is a budget line
4. I have no clue

In Januari 50 dresses are being sold for a consumer price of €250 each

1. The sales are 50 dresses
2. The turnover is 12.500 pieces
3. The sales is € 250,-
4. The turnover is € 12.500,-

Purchasing price bag of pepernoten: €4,- (variable)
Sales price bag of pepernoten: €20,-
Sales: 20 bags
Other fixed costs: €250,-
Pofit?

1. €50,-
2. €70,-
3. €150,-
4. €400,-

If the demand of a product increases...

1. The demand line shifts to the right
2. The demand line shifts to the left
3. The demand line shifts up
4. The demand line shifts down

The shift of a demand line to the left could be caused by:

1. a higher purchasing power of the people
2. a price change
3. a decrease in amount of inhabitants
4. the disappearance of competition

Given is the demand line:
Qd = –15p + 55. Given is the price of € 2,50.

What is the quantity demanded?

1. 82,5
2. 18
3. 92,5
4. 17,5

Given is the demand line of a product:
Qv = –15p + 525. Given is a quantity of products of 300

What is the price?

1. €15,-
2. 15
3. €55,-
4. 55

Why does the demand line always go down?

1. The higher the price the higher the demand
2. The higher the price the lower the demand
3. Because the supply line goes up
4. Because there always is an equilibrium

The demand line of a product shifts parallel to the left. Two possible reasons for this shift are: 1. a decrease in the price of the product.
2. a decrease in the price of a substitute good.
Which of the reason(s) is/are true?

1. Both reasons
2. Only reason 1
3. Only reason 2
4. None of the reasons given

If more and more harvests fails, the supply line shifts parallel to the ...

1. Right
2. Left

I Because of an increase in petrol prices the supply line of expensive cars will shift to the left.
II Because of a snowy winter the demand line for energy will shift to the right.

1. Both statements are correct
2. Both statements are incorrect
3. Statement I is correct and Statement II is incorrect.
4. Statement I is incorrect and Statement II is correct.