Ceteris paribus, which of the following is most likely to cause an increase in the quantity demanded of perfume?
A. An increase in income.
B. A decrease in the price of perfume.
C. A decrease in tastes for perfume.
D. An increase in the price of electricity.
Answer: B
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Use the following diagram for the corn market to answer the question below. 
If the price in this market is fixed at $2 per bushel, then
A. buyers will find too much corn in the market. B. buyers will be able to get as much corn as they wish to buy. C. sellers will not be able to sell all the corn that they intended to sell. D. sellers will quickly run out of corn that they bring to market.
If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is a
a. natural monopoly b. local monopoly c. price discrimination monopoly d. monopsony e. candidate for antitrust prosecution
The only variable that can affect a movement along the demand curve is
A) income levels. B) the price of the good itself. C) the number of buyers. D) the number of substitutes.
The change in satisfaction derived when an individual consumes one more unit of a good or service is called
A. fixed utility. B. marginal utility. C. total utility. D. average utility.