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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑 + ~# ~* {4 G0 Y1 r X
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CFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点
+ R5 G. w' ]- z2 Y+ LDemand and Supply Analysis: Introduction(Reading 13) K, [* Q, c: D/ n/ G, s& D
Learning Outcome Statements (LOS) + t6 Y' E7 J D( I, f
( H1 [* u9 Q, `9 L( ja. Distinguish among types of markets;
9 ?9 Y* M3 i+ C: rb. Explain the principals of demand and supply; & K+ D% `7 [0 l# F
c. Describe causes of shifts in and movements along demand and supply curves; 2 v+ g. l) v9 N, q3 G3 b" M
d. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;' a* n* K" I1 r5 n) O" Y
e. Distinguish between stable and unstable equilibria and identify instances of such equilibria; . ) ~7 O! K/ Q! H% U- `2 Z
f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves; 8 `' w" m5 Q$ M; M# W! `/ e; c( d
g. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price; ) E; x( h+ m6 A8 K
h. Describe the types of auctions and calculate the winning price(s) of an auction; / A* b) m( L# ?' W/ O( d. N
i. Calculate and interpret consumer surplus, producer surplus, and total surplus; 0 u/ n8 w+ B# w ~
j. Analyze the effects of government regulation and intervention on demand and supply; . z- T9 k% K" ?; M2 k8 E
k. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
/ F2 ?& z% W( u4 Z$ }l .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;! w2 c! ^" f8 M. x
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1. Consumer surplus is best describe as: 8 S1 P% O/ P$ f0 j; f, k$ @
A. Always less than or equal to zero 1 y! I+ _* O8 X
B. Always greater than or equal to zero # X! Y- _3 U7 x) |8 l; c
C. At times positive and at other times negative
( M5 E- `. [4 C |登录回复后可见:答案和详解) \8 N; e6 y7 j' d& ]$ y# \: `
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2. 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:
! v A3 {0 I! j/ [A. 26
3 O9 d! [4 Y# _, rB. 60
/ A9 q' T$ X0 y* }/ fC. 120
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8 L! q/ l3 n% L& D5 {6 A7 J3. Which of the following government interventions in market forces is most likely to cause overproduction? _5 i# G, @+ K, \5 `
A. Price floors
& w; {3 G7 E. J/ Z5 FB. Price ceilings , S$ ?; L: G% I: D
C. Imposing an additional per-unit tax $1 on sellers
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' }, k6 p* a6 s4 W; m4. Demand for a good is most likely to be more elastic when: - T8 ^* P. I# c+ X2 Y
A. the good is a necessity7 S2 I( q9 y" R& d/ h6 l" S, j
B. a lesser proportion of income is spent on the good
+ f; S5 ], N) l& tC. the adjustment to a price change takes a longer time : J" l6 n2 ]' I& _
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1 W0 `( r+ D: p% Q& {) 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:
+ n8 p: q, x1 K/ l5 xA. elastic
$ |9 L, b) {* t& M* VB. inelastic
, |9 z+ C& X( s w9 y3 ?1 _0 qC. perfectly elastic
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