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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑 2 X+ B1 }2 i8 g+ q( S
* |. u$ N* C% tCFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点& W6 p# O7 s; D) U
Demand and Supply Analysis: Introduction(Reading 13) $ C" [# r/ j/ b8 _3 x
Learning Outcome Statements (LOS) , k9 I; l2 L: s N8 c( D) }
" ^7 V$ \) w4 q/ o: G2 l: D1 ga. Distinguish among types of markets; , C3 A8 m8 P5 m! j
b. Explain the principals of demand and supply;
6 H; O( v" z ^7 Z: Y' _) ]c. Describe causes of shifts in and movements along demand and supply curves; : F) b: v) L/ Q1 ?
d. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
) C) k# [" y2 U7 [' J( J$ C# xe. Distinguish between stable and unstable equilibria and identify instances of such equilibria; . 5 ~% `: q" ]- ^7 `/ I, m
f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
* O b$ i9 ^. S& g! p8 cg. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
$ b& Q7 w0 E+ E7 `h. Describe the types of auctions and calculate the winning price(s) of an auction; - F5 y; T9 r; X) @; a2 b$ ~
i. Calculate and interpret consumer surplus, producer surplus, and total surplus; 9 X9 q, x2 |5 l7 I& r0 E; _
j. Analyze the effects of government regulation and intervention on demand and supply;
/ s X$ ^1 h7 _k. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
8 s3 _8 F" r; v& W) n, `0 C/ K$ w7 Ql .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;, _! N) g1 m: z
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1. Consumer surplus is best describe as: + P, X- i" q0 t: ~: I
A. Always less than or equal to zero
" t# R4 J. E _/ dB. Always greater than or equal to zero
! D1 [0 o- Y' r: xC. At times positive and at other times negative % s: R& U$ U, t3 W6 |/ O
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5 J8 Y( |5 U5 w$ v3 x! J8 M2. If mangoes cost India Rupees (INR) 10 each, a consumer spends his budget on fruits that he values more highly than mangoes. However, at a price of INR 4 per mango the consumer buys 20 mangos. The total consumer surplus (in INR) is closest to:
" `+ J3 h6 a5 Y- V8 qA. 264 ^5 U0 U+ t0 w6 c! z
B. 60
+ m, H) _; t5 d3 F6 s g, MC. 120 : K" \- o) ?; l7 i$ U0 @. y& P$ d& ~
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3. Which of the following government interventions in market forces is most likely to cause overproduction?
: q8 V3 w3 t* L. j4 v% X* d. }A. Price floors 4 P+ u" Z, s1 V! f
B. Price ceilings
3 z* z. a5 @& e. ]% uC. Imposing an additional per-unit tax $1 on sellers
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# S7 u: f$ {# q a% G. m5 Z% V4 B# O4. Demand for a good is most likely to be more elastic when:
) d* U8 c+ R$ ?5 P( x* r5 ?A. the good is a necessity0 a# Y/ z, H# g! |
B. a lesser proportion of income is spent on the good
4 _' {- L) S) K/ ]7 l6 XC. the adjustment to a price change takes a longer time * Y, @/ P3 n2 D2 |1 M
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" R& \- h. P" N" H" \9 m5. Over a given period, the price of a commodity falls by 5.0% and the quantity demanded rises by 7.5%. the price elasticity of demand for the commodity is best described as: % ]! L* p v$ S/ j7 H0 F( C
A. elastic r6 M- R V/ z! u# l3 H7 W
B. inelastic - |" K0 U3 v/ q2 l0 P- L) Q
C. perfectly elastic 0 L0 t0 m* U) Z
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