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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑 4 R! ], ^* ]% }- ?+ x% S8 B
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CFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点
% n% d5 d% |1 q9 e+ eDemand and Supply Analysis: Introduction(Reading 13) 6 S6 j# a+ o8 D
Learning Outcome Statements (LOS) * x3 O( Z1 t$ s0 E$ j
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a. Distinguish among types of markets;
2 t( @: e+ `: P' v9 U1 H* A$ V% y6 Nb. Explain the principals of demand and supply; ! Q& N; |3 t) Q8 V2 F4 x
c. Describe causes of shifts in and movements along demand and supply curves; 1 T5 T$ x( g+ [) f2 n( C4 |
d. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
- V1 l, [. x2 R' H" Ge. Distinguish between stable and unstable equilibria and identify instances of such equilibria; .
! _% P* v% V) n f* mf. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
; t+ n* n. t3 V5 i9 @( X- U) cg. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
5 n" N4 {% {7 N; V! K$ a/ zh. Describe the types of auctions and calculate the winning price(s) of an auction; 0 L/ K; T* M' e% I# N
i. Calculate and interpret consumer surplus, producer surplus, and total surplus;
: q$ g. F4 v/ ~- ~. z# L6 Gj. Analyze the effects of government regulation and intervention on demand and supply;
( L) x5 i: E6 p& I( } S; l: vk. Forecast the effect of the introduction and the removal of a market interference on price and quantity; ! r! G# }' ?; A2 o, r6 b8 Q
l .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;
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5 h4 V0 d! N# j+ O; v1. Consumer surplus is best describe as:
; I m( L7 U1 z$ d; ^9 z: kA. Always less than or equal to zero 6 d, d9 [4 O1 K7 C7 h2 h
B. Always greater than or equal to zero
1 j7 D- q. ?: ~/ }C. At times positive and at other times negative 1 I1 V5 G1 r% v
登录回复后可见:答案和详解
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! \ t* g6 r& I( L+ Q2 F; t" y8 q2. 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:
1 Y: ^) ^! h1 v7 H5 r( m9 pA. 26# L7 H$ P5 b/ A1 R6 r
B. 60
/ R& U5 [ ~& A: ^% {C. 120 . ^; B- N# D3 ^9 V/ [# Q
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3. Which of the following government interventions in market forces is most likely to cause overproduction?. t6 q& K' M+ w$ k$ f- R
A. Price floors
& V9 L. Q+ l6 N$ nB. Price ceilings
. Q4 p, X, l rC. Imposing an additional per-unit tax $1 on sellers 3 \" x. p" @/ A! J0 ~8 |6 o1 g, R
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4. Demand for a good is most likely to be more elastic when:
$ Y1 h& W" ^ d2 wA. the good is a necessity- G ?* S1 z9 S% {: {" v, b
B. a lesser proportion of income is spent on the good 0 p: C8 Q' y; f: c: T, S8 Z' K
C. the adjustment to a price change takes a longer time 2 R+ E! ^' x, Y/ [4 R' h
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5. 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:
) q; @/ G4 v0 R$ lA. elastic: e/ W+ _) J2 t) q D4 d ?7 e
B. inelastic
) s$ B: @: ?! jC. perfectly elastic P% r m: p% \" W
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