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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑 ! O" V+ R& e4 a
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CFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点
]1 _) T2 g. @6 y1 ]Demand and Supply Analysis: Introduction(Reading 13) 3 t$ y- W' r# R5 `* O
Learning Outcome Statements (LOS) 6 @( d) a2 n( a u
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a. Distinguish among types of markets;
+ U, J$ K2 _7 f! U; K( C3 q" \b. Explain the principals of demand and supply; 1 y& C/ B3 T' \- G/ a3 X
c. Describe causes of shifts in and movements along demand and supply curves;
+ s! ? d" e% z( H, Z$ `9 [1 U) Z2 Vd. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
0 y6 Q0 f8 m- E; g4 z0 qe. Distinguish between stable and unstable equilibria and identify instances of such equilibria; .
7 }2 G# l1 g% n9 I3 ]8 bf. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
) J- S- x4 v- i! `0 @8 U& o- bg. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price; 1 Z6 [# n. @ Q8 b; Y# @7 F$ m
h. Describe the types of auctions and calculate the winning price(s) of an auction; ' _9 X/ c: b, s/ E
i. Calculate and interpret consumer surplus, producer surplus, and total surplus; 4 k2 t. w5 C; O1 k3 D
j. Analyze the effects of government regulation and intervention on demand and supply;
% N" i9 P* F- g5 I1 @" @k. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
1 j: b0 Q1 E! O$ ]l .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;* y. n9 g+ }% |' Q$ O3 G$ x( S
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1. Consumer surplus is best describe as:
+ ]- a H3 r& W+ ?5 e; JA. Always less than or equal to zero
q8 |( N$ r. ~7 v3 x+ qB. Always greater than or equal to zero
% n) M* d1 } N; |C. At times positive and at other times negative % f* ?& I8 D6 ], R n0 P
登录回复后可见：答案和详解
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8 Y+ \9 B) n4 G1 H% W5 L2. 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: # H1 ]" m" B, M. Y8 }
A. 262 T6 G1 H* Y$ m% [, F2 i7 Q3 r
B. 60
" S. U+ L' ^ R, ]C. 120 % w: G/ w3 [( H n
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/ X( \' g# F" [! q( |, Y3. Which of the following government interventions in market forces is most likely to cause overproduction?
2 v6 H6 O `8 H# P2 d6 w5 eA. Price floors 2 t9 k7 K/ m+ ~* t+ i
B. Price ceilings
0 y' E T6 F! `! v6 P" X- V: IC. Imposing an additional per-unit tax $1 on sellers
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! o$ E1 ~, l. o. s& v- y) L5 x4. Demand for a good is most likely to be more elastic when: # \. c! n5 |8 `) v
A. the good is a necessity
1 r6 {2 U1 K5 |( u/ e: sB. a lesser proportion of income is spent on the good 4 t9 o+ X) b1 c
C. the adjustment to a price change takes a longer time * C3 M9 |, P( L2 I/ r! T2 r0 M, s7 j
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, [6 A6 u9 S" ]9 o5. 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: 9 J, t. P. ~" ?1 x
A. elastic
1 m( g% F3 F- A6 dB. inelastic
1 Y( I& f& }$ S: r' J' EC. perfectly elastic
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发表于 2016-1-28 10:39:40
