【題目】 The statement “An increase in the price of gasoline will lead to a decrease in the amount purchases” is a political statement. a positive statement. a normative statement. a scientific statement.
【題目】 Which of the following is the amount a person would invest now to receive a greater amount in the future? Market interest rate Present value Future value Stated interest rate
【題目】 Suppose the price of a good rises. When will the resulting substitution effect reduce the quantity demanded of the good? Only when the good is inferior. Whenever the good is a non-Giffen good. Only when the good is normal. A ...
【題目】 If a good is produced using inputs for which there are no substitutes, the good's elasticity of supply is likely to be small. elasticity of demand will be large. elasticity of supply is likely to be large. elasticity of dem ...
【題目】 A decrease in the supply lowers its equilibrium price and increases its equilibrium quantity. increases both its equilibrium price and its equilibrium quantity. raises its equilibrium price and decreases its equilibrium quantity. ...
【題目】 If a fall in the price of good A increases the quantity demanded of good B, A and B are substitutes B is a substitute for A, but A is a complement to B A and B are complements A is a substitute for B, but B is a complement ...
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