2023–2024 YO Sınavı Çıkmış Soruları

1. Which of the following is not among the determinants of the price elasticity of demand? A) Whether the good is necessity or luxury for the consumer. B) Whether close substitutes are available. C) The availability of inputs for production. D) Share (weight) of the good's cost in the consumers' budget. E) The time period.

2. What will be the effect of an increase in labor demand on the equilibrium wage and employment? A) It increases the equilibrium wage but employment decreases B) It increases the equilibrium wage but employment does not change C) It increases both the equilibrium wage and employment D) It decreases the equilibrium wage and employment E) It decreases the equilibrium wage but employment increases

3. Which of the following correctly defines demand? A) Demand is the quantity of a good or service that consumers are able to purchase at a given price in a given time period at any given market. B) Demand is the quantity of a good or service that consumers are willing and unable to purchase at a given price in a given time period at any given market. C) Demand is the quantity of a good or service that consumers are unwilling and able to purchase at a given price in a given time period at any given market. D) Demand is the quantity of a good or service that consumers are willing and able to purchase at a given price in a given time period at any given market. E) Demand is the quantity of a good or service that consumers are willing to purchase at a given price in a given time period at any given market.

4. Except the first unit of its output, the price that the monopoly charges ----- Which of the following completes the sentence above? A) is always greater than the marginal revenue and always equal to its average revenue B) is always equal to the marginal revenue and its average revenue C) is always greater than the marginal revenue and its average revenue D) is always less than the marginal revenue and always equal to its average revenue E) is always less than the marginal revenue and its average revenue

5. When a monopoly increases the amount it sells, the action has two effects on the total revenue (P*Q), these are --- Which of the following completes the sentence above? A) the output effect and the price effect B) the income effect and the substition effect C) the output effect and the income effect D) the profit effect and the cost effect E) the supply effect and the demand effect