【題目】 Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1. What is the value of Nick's consumer surplus? $2 $3 ...
【題目】 Suppose the demand for gourmet coffee can be represented by a linear demand curve. When income rises cause the demand curve for gourmet coffee shift to the right parallelly: becomes more elastic at the price that prevailed before the change in income ...
【題目】 When demand increases and supply decreases, the 【 答案 】 equilibrium price rises, and the equilibrium quantity might increase, decrease, or remain constant.
【題目】 CDC character set contains 64 characters, To represent any possible 10 character string needs at least 70 Bits 50 Bits 40 Bits 60 Bits 答案 : 60 Bits
【題目】 If cigarettes and marijuana had been found to be substitutes, a tax placed on cigarettes would increase the quantity demanded of marijuana. increase the demand for marijuana. decrease the quantity demanded of marijuana. dec ...
題目：The owner of a local hot dog stand has estimated that if he lowers the price of hot dogs from $2.00 to $1.50, he will increase sales from 400 to 500 hot dogs per day. Using the midpoint formula, the demand for hot dogs is 答案： inelastic.
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