Price Theory is so FUN!

Mr Mok, the funniest and lamest lecturer I had my whole life. This semester is really good, with Kuan becoming so helpful,Stephen also v funny w his jokes(his facial expression rocks!) and of coz the bespectacled and twig like Mr Mok.

He helped us a great deal with the last test. Today this is what he gave:

1)Kinked demand curve is based on?

a) Kinky Ideas

b)Crooked ruler when drawing curve

2)If apple priced its ipod high when initially launched and then later lowered prices, what do you call this?

a)Macintosh pricing method

b)Steve methodology

c)Kill Sim method

d)Anti Creative pricing

Short answer question

There is a family that produces actors like Jackie Chan. The market has an increase in demand for Jackie Chan's movie and thus cause Jackie Chan's salary to increase. What it she thape of the long run supply of Jackie Chan?