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Exam Name: HBX CORe Final Examination
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CORe Latest Braindumps Total Q&A: 265 Questions and Answers
Last Update: 2017-04-27
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NO.1 A nutritional study is released that touts the benefits of eating cereal for breakfast.
Concurrently, a new type of grain is invented that reduces the input costs in producing cereal. What
will happen to the equilibrium price and the quantity consumed of bananas, a complement to
breakfast cereal?
A. Both the price of bananas and the quantity consumed will decrease.
B. The quantity consumed of bananas will increase, and the effect on price cannot be determined.
C. The price of bananas will increase, and the quantity consumed will decrease.
D. The price and quantity consumed of bananas will not change.
Answer: B
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NO.2 A manager learns that the government is planning to add an excise tax on the product the
company sells. After researching, the manager expects that total expenditures for the good will rise.
Of the following goods, which does the company MOST likely sell?
A. Ice cream
B. Milk
C. Raspberries
D. Leather handbags
Answer: B
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